Just thought I’d pass along the link to the President’s plan to helping homeowners stay in their home.
FinancialStability.gov
There are lots of fact sheets, press releases, and self-assessment tools.
Personally, I think it’s great that our current administration is making efforts to not only keep people in their homes but to make it more manageable for families [...]

Fannie Tries Short Sales Over Foreclosures
Fannie Mae has launched pilot projects in Phoenix and Orlando intended to reduce foreclosures by pre-approving short sales, agreeing on a price and the loss it will take prior to a deal even being made. It is hoped the program will improve the popularity of short sales among real estate [...]

Our market here in Portland has seen a significant increase in the number of “short sale” listings on the market.  What exactly is a “short sale”?  A short sale, very simply put, is when a homeowner is selling their home for less than they owe on the mortgage(s).  It is different from a foreclosure, or REO home [...]