New article on short sales

Foreclosures are bad for everyone, from the lender to the borrower, the real estate market and the entire economy, which is why short sales are becoming increasingly common. A home short sales when the lender permits the borrower to sell their home for less than the lender is owed, thereby accepting a moderate loss. The issue is complex, however, as the borrower might still be held responsible for the remainder of the loan and there are tax consequences as well. Read our new article on short sales to find out more about this interesting way to avoid foreclosure.