According to foreclosure-tracking service RealtyTrac, the foreclosure rate is falling nationwide.  Versus August, foreclosures fell by 12 percent in September 2008 as more than half of the states showed month-over-month improvement.  Most interesting in the data is that several states that led...

We’re glad you asked! REO stands for ‘Real Estate Owned’. Basically it is a foreclosed property NOT to be confused with Short Sale. The process of purchasing an REO is similar to a traditional transaction in many regards, however there are many points of interest to pay special attention...

It seems that there is a misunderstanding with Short Sales that pertains to the name itself. They are not short sales in regards to the time it takes to close on a purchase. Actually, they are quite long when compared to a traditional listing or foreclosure home for sale. A short sale is when a person...