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 ...

Before the subprime debacle hit last summer, the term “short sale” was not in New York City’s real estate vocabulary. Now, while short sales are far more prevalent outside New York, some brokers in ...

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 ...

Common short sale myths once evidenced widespread confusion about what a short sale is - mostly misconceptions that they are quick, or faster than “normal” real estate transactions. In reality, the ...

Q: I bought a fixer-upper a few years ago using a first mortgage with Bank of America and a second mortgage with CitiMortgage. This was not an investment property; I lived in it, but because of the ...