National Short Sale Center: Press Releases

More Homes 'Underwater' in Struggling Economy (By VICKI MABREY and SHANI MEEWELLA)

abc News

"Short sales were very rare back a couple, three years ago," said Zandi, "and now they're increasingly common."

The National Short Sale Center was able to get the lender's ear and work out a deal so the company would accept a short sale buyer, and let Bruce off the hook.

Housing Pain Gauge (James R Hagerty and Ruth Simon)

Wall Street Journal

Short sales on the rise for homeowners in a pinch (Chelsea Schneider )

The Arizona Republic

There are two basic criteria homeowners should meet to know if a short sale is right for them.

Lenders foot the bill for abandoned homes (Les Christie)

CNNMoney.com

Foreclosed homes that lie vacant and rundown need their lawns mowed and their yards cleaned up. Cities say taxpayers shouldn't have to bear that burden.

Break for sellers: Banks settle for less (Mary Ellen Podmolik)

Chicago Tribune

As values tumble and more foreclosures loom, homeowners get chance to sell out for less than the amount of their mortgages.

Rescues for Homeowners in Debt Weighed (Edmund L Andrews and Louis Uchitelle)

New York Times

With the collapse of the housing boom, the government is considering proposals to rescue the nearly 8.8 million homeowners, or 10.3 percent of the total, who are underwater.

Short sale may be best way out for distressed homeowners (David van den Berg)

Arizona Republic

Thanks to recently passed federal legislation, getting out from under mortgages with a short sale is a bit less painful in the troubled real-estate market.

Short Sales: an alternative for troubled mortgages (Jerry Gleeson)

The Journal News

Your adjustable rate mortgage has reset and you can't afford the higher monthly payments. In a sluggish real estate market, the property isn't worth the same as the day you bought it. What's next?

Short sale spike is barometer on real estate market (Christine Laue )

Omaha World Herald

Omaha real estate professionals are seeing an increase in the number of short sales -- transactions in which homeowners sell their houses for less than they owe on their mortgages as a way to prevent foreclosures.

State of the housing market stirs up more short sales (Jan Buchholz)

Phoenix Business Journal

With the inventory of resale homes in the Phoenix market hovering near record-high levels, some desperate sellers are turning to the "short sale" to stave off foreclosure.

"It's not something that's taught in real estate school," Cline said. "Once Travis (Olsen) explained the steps to me, I thought it was a great idea. I've completed four short sales with the National Short Sale Center. They have a much better chance of getting a deal done."

Mortgage Trouble Clouds Homeownership Dream (Max Whittaker)

The New York Times

Adam and Sunny Gardner bought a house in Nevada two years ago. They would like
to move, but with prices falling, they probably can’t.

Home Prices Decline (James R. Hagerty)

Wall Street Journal Online

Home prices declined from a year earlier in about half of all metropolitan areas in the fourth quarter, the National Association of Realtors reported.

Five Tips on How Short Sales Could Save Homes ()

REO Magazine

When property owners owe lenders more than the property is worth, short sales can be a reasonable solution to taking the property back through foreclosure.