In today’s unstable economic situation, many families are finding themselves in trouble.  The home that was once a family’s cradle of love has now become a financial problem.  Homeowners avoid the hassles of foreclosures and start to search for details on short sale homes.

What is the difference between a short sale home and a foreclosed home? Based on Wikipedia, a Short Sale occurs when the lender allows a property to be sold for less than the amount owed on a mortgage and…

Short sale homes are some of the most sought properties in the foreclosure market.  They are popular with their affordable and inexpensive price which cause home buyers to prefer them over buying or building a new one.  Even investors spend a huge amount of resources just to find short sale homes.  

Short sale homes can be a profitable investment given in a right circumstances. A short sale means that the owner itself sells the house and apply the proceeds on his loan.  By this…