A short sale is when a property is sold for less than the amount owed on the mortgage. Short sales aren’t as common as they were during the decade following the 2008 housing crash. That’s because with ...

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 ...

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.

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 ...

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 ...

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 ...

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 ...

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 ...