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...easily spend tens of thousands of dollars to move a house through the entire foreclosure process, so as default rates soar, more are willing to negotiate with real estate agents representing a bid that's technically too low. (Short sales are becoming so commonplace that Beitler added a chapter about them in the upcoming second edition of his book.) The downside, from a buyer's perspective, is that even after a bank agrees to consider a short sale, it might taken months to respond to a specific offer...

Author: /time Magazine | Title: The Boom in Foreclosure Investing | 8/31/2007 | See Source »

...DISH The dusting marked a trail for the local chapter of the Hash House Harriers, a global group that says it's a "drinking club with a running problem." Lead runners mark a trail, the rest follow...

Author: /time Magazine | Title: Dashboard: Sep. 10, 2007 | 8/30/2007 | See Source »

...political world ... all the rough edges of life are sanded away," Elizabeth Edwards writes in a poignant new chapter of her book Saving Graces. "But the exercise of sanding away the edges has always been a waste of time." Wouldn't it be nice if that were true? Sadly, sanding away the edges remains a political necessity because opponents will grab at anything to pull a candidate off course. Even a diagnosis of cancer. The Edwardses know that some people were put off by their decision to continue the campaign despite her cancer's recurrence, that he is accused...

Author: /time Magazine | Title: John Edwards Bets the Farm | 8/29/2007 | See Source »

...result, he will spend no time in jail, after being cleared of all allegations that he abused prisoners or failed to do his duty as a senior officer at the notorious prison. The case is supposed to be the last of the criminal proceedings concerning this dark chapter of the Iraq war, but sources close to the Abu Ghraib legal drama tell TIME that two key civilians who worked as private contractors in the notorious facility's cell blocks could still face prosecution...

Author: /time Magazine | Title: The Abu Ghraib Cases: Not Yet Over | 8/29/2007 | See Source »

...made a name for himself in recent years as a moderate politician, well-liked by diplomats, who is keenly in favor of Turkey's bid to join the E.U. As long as he maintains that demeanor, his election today could yet mark the decisive end of a turbulent chapter in Turkish politics, not the beginning...

Author: /time Magazine | Title: Is Turkey Facing an "Islamist" Future? | 8/28/2007 | See Source »

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