So many of our clients are asking about short sales and foreclosures, this is some interesting reading-reprinted from the Wall Street Journal.
Why Lenders Are Leery
Of Short Sales
This Foreclosure Alternative
Helps Strapped Homeowners,
But It's Not Easy to Pull Off
By RUTH SIMON and JAMES R. HAGERTY
April 17, 2008; Page D1
As more people fall behind on their mortgages, lenders have been slow to take advantage of a longstanding alternative to foreclosure -- a so-called short sale.
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