Don’t foreclose! Do a short sale

Short sales are the hottest thing going in the distressed-property market, and the trend is expected to get even hotter in coming weeks, when the government starts handing out cash to encourage lenders to close these deals. NEW YORK (CNNMoney.com) — Short sales...

Foreclosures: The struggle continues

The number of bank repossessions drops sharply in August, but the pipeline of troubled borrowers remains full. Calm before the storm? NEW YORK (CNNMoney.com) — The foreclosure crisis grinds on amid signs of hope. A report released Thursday shows that...

Six months, 343,000 lost homes

Through the first half of 2008, the foreclosure rate shows little sign of letting up. NEW YORK (CNNMoney.com) — The number of Americans losing their homes to foreclosure continued to soar in June, according to a report released Thursday. RealtyTrac, an online...

Homeowners: Can’t pay? Just walk away

More and more borrowers are watching their house values sink while the cost of their loans skyrockets. What to do? Skip out on the mortgage all together. NEW YORK (CNNMoney.com) — Mortgage payments are set to jump. Home prices have plunged. “I’m...

How to buy a foreclosed home

Sure, there are bargains to be had, but there are also plenty of pitfalls awaiting anyone brave enough to wade into real estate’s maelstrom. Here’s what to consider. NEW YORK (CNNMoney.com) — Hoping to score a house on the cheap by buying a...