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The New York TimesAdam and Sunny Gardner bought a house in Nevada two years ago. They would like to move, but with prices falling, they probably can’t.... ...
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Wall Street Journal OnlineHome prices declined from a year earlier in about half of all metropolitan areas in the fourth quarter, the National Association of Realtors reported.... ...
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REO MagazineWhen property owners owe lenders more than the property is worth, short sales can be a reasonable solution to taking the property back through foreclosure.... ...
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Phoenix Business JournalWith the inventory of resale homes in the Phoenix market hovering near record-high levels, some desperate sellers are turning to the "short sale" to stave off foreclosure.
"It's not something that's taught in real estate school," Cline said. "Once Travis (Olsen) explained the steps to me, I thought it was a great idea. I've completed four short sales with the National Short Sale Center. They have a much better chance of getting a deal done."... ...
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Omaha World HeraldOmaha real estate professionals are seeing an increase in the number of short sales -- transactions in which homeowners sell their houses for less than they owe on their mortgages as a way to prevent foreclosures.... ...
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