By Les Christie, CNNMoney As terrible as it is to lose your house to foreclosure, at least it’s a relief to put your biggest financial headache behind you, right? Wrong. Former homeowners may still be on the hook if there’s a difference between what they owed on their mortgage and what the...

If you thought that losing your home to foreclosure was behind you? Beware of the Short Sale. You may still be liable for the difference between what you owe on your mortgage and what the bank can sell the property for at auction. The bank may still be able to come back at you using a deficiency judgment....

Originaly by Paul Owers:  Cash-strapped homeowners who owe more than their properties are worth often try to get out of trouble by selling for less than the mortgage amount and asking lenders to forgive the difference. It sounds simple. But so-called short sales rarely are. The deals frequently are...