Short sale

A procedure in which a mortgage lender allows the borrower to sell a property for an amount less than what is owed on it to avoid a foreclosure. The sale fully satisfies the borrower’s debt. Also called a preforeclosure sale.

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Smart Moves for Buying a Foreclosure

Deals on foreclosures are still out there. But they're not as easy to find as they were a few years ago, and you still need to avoid all of the costly pitfalls that can turn any repossessed home into a burden, not a bargain.

VA Loan Eligibility

If you want to purchase a home using a VA loan, you must prove you have the military service to qualify. That proof is called a certificate of eligibility.