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Short Sales

You Make Money. Money Doesn't Make You.

Fiona Finn | Posted 09.15.2014 | Money
Fiona Finn

There's a proverb that says that the real measure of your wealth is how much you'd be worth if you lost all your money. And for me, no truer words have ever been spoken!

Honesty Helps When Avoiding Foreclosure

realtor.com | Posted 09.07.2013 | HuffPost Home
realtor.com

If you start to fall into trouble, the most important thing is to face your situation honestly. If you don't think you can make your payments in the long term, think about other strategies and pursue them with your lender.

Court Decision Spells Trouble for Short Sales

Richard Gaudreau | Posted 09.01.2013 | Business
Richard Gaudreau

In an Alice Through the Looking Glass decision, where everything appears backwards, the Fourth Circuit Court of Appeals ruled a 1099-C meant nothing, ...

America's Half-Forgotten Housing Crisis

David Coates | Posted 07.06.2013 | Politics
David Coates

On the housing front, the good news is that the president wants Mel Watt to head the FHFA. The really bad news is that the problems in the U.S. housing system are currently so entrenched that, even if he is confirmed, Mel Watt will be hard-pressed to resolve them.

Turning Things Around in a Crisis

Gini Graham Scott | Posted 02.18.2013 | San Francisco
Gini Graham Scott

As quickly as I could, I put aside my feelings of being stunned, shocked, depressed, and unnerved by what had just happened to think about what I could do to take action to deal with what occurred. I shifted my focus from feeling to doing.

Banks May Be Embracing Foreclosure Alternative

AP | ALEX VEIGA | Posted 07.30.2012 | Business

LOS ANGELES (AP) — Homes in some stage of the foreclosure process saw their share of overall U.S. home sales grow in the first quarter even as sales...

A Sign Of Hope For The Housing Market

The Huffington Post | Alexander Eichler | Posted 04.17.2012 | Business

Don't look now, but there's a sign of hope in the foreclosure crisis. There were more short sales than foreclosure sales in January, according to d...

Keeping a Roof Over Our Heads

Rep. Charles Rangel | Posted 05.07.2012 | Politics
Rep. Charles Rangel

Congress must not let the Mortgage Forgiveness Debt Relief Act expire at the end of the year. Today 12 million Americans are on the verge of losing their homes because they owe more money than their home is worth.

An Open Letter to America

Trisha Ocona Francis | Posted 04.03.2012 | Business
Trisha Ocona Francis

Why did the banks get billions of dollars in a bailout when many failed, but as a working, tax-paying citizen, my cries were left on deaf ears? How do I get out and become free again? I know everything is a risk including homeownership, and it comes with a lot of sacrifice.

Loren Berlin

Selling Homeowners Short: Bank Strategy Backfires In Foreclosure Crisis

HuffingtonPost.com | Loren Berlin | Posted 01.20.2012 | Business

Housing investors and advocates are embracing a new strategy to keep struggling borrowers in their homes: Purchasing houses from homeowners who can no...

Ann Brenoff

'Like Being Held at Gunpoint': Banks Latest Short-Sale Tactic

HuffingtonPost.com | Ann Brenoff | Posted 11.22.2011 | Business

Talk about rubbing salt into the housing market's wound. Some homeowners who owe more on their mortgages than their homes are currently worth are now ...

Are All Short Sales Bargains?

Lita Smith-Mines | Posted 11.06.2011 | New York
Lita Smith-Mines

When it comes to buyers, short sales offer no clear-cut advantages. Delays abound and opportunities arise to reduce the whole transaction to a giant waste of time.

Four European Countries Ban Short Selling In Order To Protect Markets

The Huffington Post | Alexander Eichler | Posted 10.11.2011 | Business

Four European countries are banning the short selling of stocks in their markets to try to halt the precipitous plunge in value of troubled European b...

On Foreclosure -- And Great Friends

Penny Love | Posted 08.24.2011 | Women
Penny Love

Like one in five Americans, my husband lost his job over 18 months ago and our financial squeeze has cruelly subjugated us to choose: either our house or college for our three teenagers.

WATCH: A Tour Of Sarah Palin's New Home

Posted 07.26.2011 | Arts

Sarah Palin has a new $1.75 million, 8,000 square foot house in Scottsdale, AZ, but it's not the two- and four-car garages or the wraparound balcony t...

Yepoka Yeebo

Investors Cash In On Foreclosed Homes

HuffingtonPost.com | Yepoka Yeebo | Posted 06.10.2011 | Business

Mary Jane McGraw knew her foreclosure ordeal was over when a man showed up on her doorstep and told her that her home in Oak Park, Calif., had been so...

U.S. Home Prices Hit New Lows

Anna Cuevas | Posted 05.25.2011 | Business
Anna Cuevas

There is a white elephant in the room that no one seems to be talking about. The push for short sales on the part of the lender and in some cases the government is at epic proportions.

Short Sales Resisted Foreclosures Are Revived

The New York Times | Michael Powell | Posted 05.25.2011 | Business

Bank of America and GMAC are firing up their formidable foreclosure machines again today, after a brief pause. But hard-pressed homeowners like Ly...

Short Sales Sweep The Nation: Troubled Homeowners Walk Away With Less

Washington Post | Posted 05.25.2011 | Business

A new wave of distressed home sales is rippling, more quietly this time, through American cities and suburbs. Its unsettling effects are playing out...

Spain Is Not Close to Bankruptcy: Amalgamation Should Not Mean Contagion

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

I happened to be in Madrid last week on the day Spain was downgraded. It was portrayed by the media as a catastrophic situation. Now is not the time for over dramatization.

The Morality of a Short Sale

Tracy Shaffer | Posted 05.25.2011 | Denver
Tracy Shaffer

Is walking away from a home when you're upside-down immoral or simply a financial deal that didn't work out?

Arthur Delaney

Short Sales: Treasury Department Follows Lead Of HuffPost Readers

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

Last Friday the Huffington Post invited readers to share stories of short sale woe. In a short sale, a distressed homeowner avoids foreclosure by sel...

Pity the Poor House Seller

Lita Smith-Mines | Posted 05.25.2011 | Business
Lita Smith-Mines

If you thought the recent real estate market was unattractive, you'd better look away. Pressed to their walls by their inability to pay their mortgages, scores of home sellers are listing their houses as "short sales."

Foreclosures Weighing On Home Appraisals

AP | ALEX VEIGA | Posted 05.25.2011 | Business

LOS ANGELES — It wasn't the first time that Katherine Scheri ruined a real estate agent's day with a low property appraisal. Scheri, a real est...

Nightmare On Elm and Maple Streets

Lita Smith-Mines | Posted 05.25.2011 | Business
Lita Smith-Mines

Since Labor Day passed, I have felt less like a real estate lawyer and more like a character actor in an awful horror movie.