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Short Sales: A NEW Ball Game

During the housing “boom” a default borrower would get a short-sale approval 90% of the time as long as they qualified and the purchase amount met the lenders minimum net requirements.  Now, that number has been cut in half. Why? Primary lenders are back-logged and desperate to NOT foreclose.  As a result, junior position lien holders, [...] Related posts:
  1. Fannie Mae: Your Landlord?
  2. Distressed Properties Drive One-Third of Sales
  3. Water-Logged Processing Affects Short Sales

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