A short sale is far from hassle-free, but it’s a better alternative than foreclosure.
And now you’ve got a little help from your friends in D.C. Here are the facts about short sales and how to get started.
After a short sale, you may qualify for a loan again in two years--quicker than you could with a foreclosure in your past.
Facing foreclosure and tempted to stay in your home until the bank pulls it out from under you? Bad idea. Don’t do it. A much more graceful exit is a short sale, an agreement between you and your lender to sell your home for less than you owe. Although there’s no guaran...