A short sale is a last resort to avoiding foreclosure. It is a legally binding agreement to allow a home to be sold for less than the amount that is owed to the bank. Lenders are eager to negotiate with borrowers who are having trouble paying their mortgages for legitimate reasons.  But, this is not a simple process. You need to start talks before you are in default and you need to engage a real estate broker and an attorney who does shorts sales to assist you in the negotiating process.

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Cupid's arrows might have been flying around everywhere last week - but little love came calling for the Bond market. First, Retail Sales for January were far better than expected - which was good news for Stocks, but as money flowed into Stocks, pulled money out of Bonds and caused Bond prices to move lower. Next, Fed Chairman Ben Bernanke gave it to us straight from the heart, as he testified that the Fed would keep the door open to more rate cuts, which worried Bond Traders about the risk of more inflation ahead. And unlike the media seems to ...