Homeowners today who can't make their house payments and find themselves in a financial hardship may inevitably be faced with two options, a short sale or a foreclosure. I don't think there would be much debate on the subject. If you found yourself in this position, a short sale would be the preferred choice. Why then do so many people lose their homes in the foreclosure process? First of all, a mentality exists that if the problem is ignored it will go away. Many lenders these days are … [Read more...]