short sale: Short Sale - Buyer & Broker Beware! - 09/28/07 01:10 PM
Recently, more short sale properties have come on the market. A short sale is a situation where a property seller needs to sell and the sale proceeds are not sufficient to pay off the existing mortgage. It is an alternative to foreclosure. The term short sale or short pay refers to (0 comments)
short sale: Your Home's Value is Less Than the Mortgage! - 09/28/07 10:24 AM
For a variety of reasons, it is possible that the total debt on your home may be more than what the home is worth. Most of the time, this isn't a problem because time is the solution. Depending on how much you owe, just wait it out and the value of (0 comments)
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