Monthly Archives: July 2013

What is a Short Sale and How Does it DIffer from a Foreclosure? A Short Sale, also known as a pre-foreclosure sale, is when a home is sold for less than the balance remaining on the mortgage. If the mortgage company agrees to a Short Sale, whatever the home is sold for is what you pay to the bank/mortgage holder, and it is considered paid. Not.

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Information from ABC News. U.S. home prices in 2012 saw the first yearly gain since 2006, when the housing bubble was just beginning to burst, according to the Case-Shiller home price index. Home prices in major cities across the country rose 7.3 percent in 2012. Of the 20 cities tracked by the index only New York saw a slight drop in prices – New York’s real estate.