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  2. Short Sales

Short Sales

Study: Shady Short Sales on the Rise

Fraudulent short sales are threatening the viability of this refuge for struggling home owners.  A recent study by financial consulting firm CoreLogic says one common practice is for a real estate salesperson representing the seller to negotiate with the lender to obtain approval for a low selling price. Then the property is sold to a […]

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West End, short on foreclosures

this maybe the reason: Foreclosures on Hold While Stimulus Crafted Home foreclosures are slowing as lenders wait for Congress to approve the stimulus package. Foreclosures.com reported that foreclosures completed in January dropped 26 percent from December to 72,694, the fewest since April. On Wednesday, the U.S. Office of Thrift Supervision told the savings and loans […]

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Why Are Short Sales So Troublesome?

Short sales seem like a win-win for everyone involved, but as real estate professionals know, short sales can be hard to pull off. It can take months for the mortgage company to respond to an offer, and the lender or lenders often balk at the price. Why doesn’t the process go more smoothly when it […]

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