ON MEDIATION: Using the full strength of your case in mediation – Mediation is often portrayed as a rational and logical choice that saves money and time. Well, it is that. But let’s face it, it’s also usually required by the court and something that you might not do if it weren’t. That means there’s a risk that it becomes perfunctory.

Mortgage applications on an upswing – Mortgage applications increased 2.8% on a seasonally adjusted basis for the week ending June 9, while the previous week’s results included an adjustment for Memorial Day, according to the Mortgage Bankers Association’s (MBA’s) weekly mortgage applications survey.

What are the risks of buying a short sale or foreclosure? – I’m looking to buy a new home, and I’ve noticed that there are a couple of “short sale” and foreclosed homes in the area where I’m interested in living. These homes are priced substantially lower than others, and I’m wondering what the catch is. I’ve heard that short sales or foreclosures often need repairs. What else do I need to know to decide whether to invest in one of these properties?