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credit rating: Increase In Short Sales Give Housing Market Breathing Room - 01/03/12 06:03 PM

Short sales up, foreclosures down. That's because in many cases a short sale may be the lesser of two evils for banks and homeowners versus a foreclosure. It's a tarnished silver lining for people at risk of losing their houses and homeowners in neighborhoods blighted by bank-owned properties, but the robo-signing scandal that slowed the foreclosure process to a crawl appears to have increased lender interest in short sales.
Foreclosure sales are pretty devastating," said Faith Schwartz, executive director of Hope Now, a resource for homeowners facing foreclosure. "We'd much prefer a modification, but if  homeowners don't quality, then the next best … (1 comments)

 
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Ira Freireich, Excl Buyer Agent

Valley Stream, NY

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