Should you opt for a short sale or a foreclosure? As a homeowner faced with a difficult situation, there are pros and cons to each. Generally, a short sale will work more in your favor. As a homebuyer ...

A short sale could benefit a seller, especially if the alternative is foreclosure, but there are some drawbacks Written By Written by Contributor, Buy Side Angela Mae is a contributor to Buy Side and ...

A short sale is when a mortgage lender agrees to allow a homeowner to sell their home for less than what they owe on the mortgage. A short sale can help you get out of an underwater situation, but you ...

When your home value sinks below the amount you owe on your mortgage and you need to sell the house as soon as possible because you can't keep up with payments, a short sale might be your best option.

Right now, however, the procedure is anything but streamlined. A short sale transaction can take four to five times longer than a regular real estate transaction, particularly if there is more than ...

A: A “short sale” is a situation that exists when a property is worth less than the amount owed to pay-off the mortgage note(s), and the owner has insufficient assets to pay the difference between the ...

Q.: We are interested in knowing the difference between buying a “short sale” property and a bank-owned? Is there an advantage of one over the other for a buyer? A.: Basically, they are two quite ...

Selling your home through a short sale can help you avoid foreclosure, but it might make it difficult to get another mortgage. Short sales can damage your credit, and they can stay on your credit ...

More than 12 percent of residential properties on the market in Fairfax County are short-sale listings where a distressed homeowner is willing to sell for less than the value of the mortgage. Because ...

Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...