Yes. The lender can foreclose and sell the property in question, or allow you to sell it for less than what you owe. The Lender can then obtain a deficiency judgement ...

A short-sale is recommended versus simply walking away from a property and stopping payments. The borrower (and his/her agent) will need to do a little bit of work, but the borrower's ...

Although in theory, yes, this would be true, realistically it depends on what specific lenders choose to do...

No, in general, a foreclosure would negatively impact your credit for 7 to 10 years...

Homeowners facing foreclosure often have the option of selecting a short sale or a deed-in-lieu of foreclosure as a possible solution to their financial difficulties. But what are they? Which is ...