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 involves selling a property for less than the mortgage owed with lender approval. A foreclosure occurs when the lender takes ownership of the property due to the borrower’s failure to ...

At first glance, a foreclosure and a short sale can seem similar. After all, they both occur when you're having trouble covering the costs of owning your home. However, if you're facing one of these ...

Only today's bravest buyers would consider homes in cities like Las Vegas and Tampa, where rampant foreclosures are sinking already weak real estate markets. But in markets in other cities, where ...