(Updated January 2015)
With the nation in a mortgage crisis and many homes headed for foreclosure, the so-called "short sale" has gained popularity. You can benefit from a short sale by getting a discounted price on a home. Here are four tips to minimize risk.
Firefighters after nearly a month had by late December of last year mostly contained the Thomas Fire, the biggest wildfire in California's history. But the fire, which started Dec. 4 about 60 miles northwest of the center of Los Angeles, had already destroyed more than 1,060 structures and burned more than 281,000 acres.
Home may be where the heart is; but for millions of Americans, home is also where the money tree grows-a money tree known as a second mortgage.
FHA loan products have become increasingly popular in recent years, both for home purchases and for refinancing an existing mortgage. But conventional mortgages- those backed by Fannie Mae or Freddie Mac - also have their appeal, especially when it comes to the lower cost and limited duration of mortgage insurance.