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 ...

Maybe the banks are starting to figure it out. Instead of dealing with the legal challenges and expense of foreclosure, they're approving more short sales, or homes sold for less than the principal ...

Short sales and foreclosures are two financial hardship solutions available to homeowners facing financial hardship. A short sale allows selling for less than the mortgage to avoid foreclosure.

In this buyer's market, some homebuyers ask themselves: Will purchasing a short sale or foreclosure end in disaster -- or yield a jackpot? And which type is best to go all-in with: a short sale or ...

With today's reduced property values and increased unemployment, it's tempting for some homeowners to just throw their hands up in defeat, allow the bank to take their home in foreclosure and rid ...

Q: Is there a difference in credit-score impact if I sell my home via a short sale vs. losing the home due to foreclosure? A: At first glance, sellers contemplating a short sale vs. foreclosure will ...

If you're looking to purchase a home after a foreclosure or short sale, there will be actions you must take and certain time limits before you can start the buying process. Factors such as credit ...

The pace of completed home foreclosures slowed a bit in August nationwide, as banks increasingly turned to so-called short sales to avoid the lengthy process of seizing, maintaining and selling ...