Short sales and foreclosures are two financial hardship solutions available to homeowners facing financial hardship. A short sale allows selling for less than the mortgage to avoid foreclosure.

The practice causes severe havoc on credit, results in erroneous coding of a foreclosure for a short sale and delays consumer rebound for new credit and re-entry into the housing market. And, it can ...

Q: I found your article very helpful. I’m a homeowner in that situation where you have to go between short (sale) and foreclosure. In your article, you intimate that if the (federal Mortgage ...