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 ...

"The short-sale process is much more complex than the traditional buyer-seller transaction," said Gwen Oberg, vice president of Wells Fargo's loss- mitigation group. "Not only is there the homeowner, ...

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 ...

Let’s face it: The housing market is tough right now. Home prices are high, interest rates are up, and many people are finding it harder than ever to afford the house of their dreams. It’s no wonder ...

For many who are faced with a pile of bills that continues to stack up as jobs are cut and gas prices increase, foreclosure or even bankruptcy look like viable options. But there is a third option, ...

WASHINGTON — If you’re one of the estimated 11 million homeowners burdened with an underwater mortgage, a new federal policy change could be good news: Starting in June, when you want to do a short ...

QWe are in financial trouble. Our house will not sell for enough money to pay off the mortgage, let alone a real estate commission. Our real estate agent suggested that we do a "short sale." What is ...

The short-sale process is expected to get shorter starting June 15. New guidelines issued under the Federal Housing Finance Agency will require Fannie Mae and Freddie Mac to give homebuyers of short ...

You may have heard of a short sale, and you may have a friend or neighbor who has sold or bought a short sale home. The following will answer important questions, including what is a short sale, and ...