Decoding the Lingo: What is a HUD (owned) home?

Defining what a HUD home is and how HUD properties are purchased.

Decoding the Lingo: Buyer’s Market, Seller’s Market

Defining the terms “buyer’s market” and “seller’s market” briefly and simply.

Decoding the Lingo: Short Sales and Foreclosure

Foreclosure information continues to pepper newspaper headlines like political polls before an election, so it seems right to decode it’s meaning, clarify its scope and discuss one form of foreclosure avoidance, the short sale. 
Foreclosure is the process by which a lending institution (“the bank”) repossesses real property (“the home”) when the home owner fails to [...]