Lenders are forcing foreclosures rather than making principle reductions:

Congressman Barney Frank, Chair of the House Financial Services Committee has argued quite persuasively that the only way we are going to end the problem of [...]; . . . → Click Here to Read the Full Article

A “short sale” occurs when the homeowner sells their home at current market value and the lender agrees to accept that amount in full payment of a home mortgage that is typically much higher [...]; . . . → Click Here to Read the Full Article