The median price of a home sold in the U.S. in early 2016 was $188,900. While that might buy you a small castle in some housing markets, in others you will need to borrow a lot more just to get a place big enough for your family to call home. Borrowers that plan on taking…
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Navigating the complexities of the housing market can be particularly challenging for homeowners who find themselves in the difficult position of having a home worth less than their mortgage. The question “Can I sell my house for less than I owe?” often weighs heavily on those dealing with this issue. When faced with the reality…
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