Owners turn to short sales for houses

Full story: Lansing State Journal

“The values of a lot of these houses were inflated as a result of the real estate boom. Now we're in a bust. The values aren't there. It's all starting to catch up with everyone”

HACKENSACK, N.J. - What do you do if you can't afford your mortgage payments of more than $3,700 a month, but can't sell your house for anywhere near the amount you owe on the mortgage? That's the dilemma ... via Lansing State Journal

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Nancy Ervin

Murfreesboro, TN

We all know what the dilemma is. What is the answer?

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