I was tonight just cruisin right along and my "BRAKE" light and "ABS" light all the sudden came on so im wondering if anyone knows what sensor this is, where its located and how much it will set me back??

 

Its the ABS sensor thats located on top of the rear differental. Go to O'Reilly Auto Parts and it should be like $20-$30. You should need like either a 10mm or 12mmsocket to take it out.

 

A few months ago I had the same thing. It was a blown brake fuse on the side of the dash. A few weeks ago I had the same thing and it was the brake light switch on the brake pedal. Lift up on the pedal and see if you hear it click and then go off.