Sep 7th 2012 2:59PM
By Barry Paperno I recently wrote about the negative impact of short sales and foreclosures on credit scores, and how such a mark on your credit report can knock as much as 160 points off your score. While intuitively this kind of severe impact isn't so surprising in the case of a foreclosure, some people are surprised... Continue Reading »
Mar 7th 2012 10:00AM
Before the housing meltdown, the term "short sale" was hardly part of the residential real estate vernacular. But now that about 11 million homeowners owe more than their homes are worth, millions of whom are headed toward foreclosure, the sales method has emerged as an alternative to foreclosure. For homeowners teetering... Continue Reading »
Nov 19th 2010 1:00PM
If you're hearing a lot about short sales these days, it's no surprise. As home values have declined, the number of short sales has exploded. In September 2010, 12 percent of all U.S. real estate transactions were short sales, according to tracking by the National Association of Realtors. So what is a short sale? It's a... Continue Reading »
Oct 25th 2010 2:25PM
In 2010 an estimated 4 million homes will be slapped with foreclosure notices, making it the worst year yet for foreclosures during the housing crisis. And without a strong economic recovery the numbers could continue to escalate, leaving more Americans unable to afford their homes. One way to turn back the tide is with... Continue Reading »
