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As many distressed homeowners await relief from the White House’s loan modification and refinancing program, a growing number of distressed homeowners are considering a short sale -- or a deal in which the homeowner sells a home for less than the value of the mortgage, with the blessing of his/her lender. Short sales can be good for both buyers and sellers, but there are a few things both parties should be aware of before taking the leap.
I have never been a fan of the old saying, “Desperate times call for desperate measures.†Too often, I’ve found that acts rooted in desperation cause seemingly rational people to sabotage their future. Yes, it’s true; we’re coping with the most hostile economic environment our generation has ever faced. Today’s tough economy, however, is no excuse for making decisions that may ultimately wreck our long-term financial health.
While many analysts say the economy is still on the upswing, Silas Myers, senior vice president, analyst, and portfolio manager at Roxbury Capital Management L.L.C., thinks most of the economic...
If you’ve ever thought about owning a nonprofit but didn’t know where to start, advice from successful entrepreneurs like Jessica Sutherland, founder of Homeless to Higher Ed (H2H), may be...
My generation has seen an explosion of entrepreneurial activity. Facing industry consolidation after the market crash in 2008–2009, I was forced to use my skills to control my destiny. I...
