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Image by Getty Images via Daylife Repo houses are homes that have been repossessed or foreclosed by lenders because the borrower was unable to pay back the mortgage amount. If you are planning to move into a dream house or want to develop a mini real estate empire, you would do well to check out repo houses. Repossessed [...]

This is an interesting view on buying a short sale or foreclosure versus a regular home that is for sale.

A jumbo mortgage is, as its name implies, a really big mortgage. To be more specific, a jumbo mortgage is one in which the amount being financed is more than the top amount set by the Government Sponsored Enterprises, or GSE.  The GSE is a group of financial companies that is charged with maintaining access to [...]

I found this video on how to write a short sale hardship letter. I found the information helpful for making sure all areas are covered in the hardship letter. Make sure to take notes.