Could You Use a Short Sale for Your Home?

One of the difficulties that many homeowners still face is the fact that low home values make it harder to sell a home. Even now, with home prices rising a little bit, it’s still difficult to get what you paid in some cases.

If you need to sell your home, you might be able to get your lender to agree to a short sale.

What is a Short Sale?

A short sale is fairly straightforward. It takes place when the lender allows you to sell your home for less than you owe on your mortgage. In many cases, the...