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foreclosure: Taking a Longer Look at Short Sales - 10/24/11 08:24 PM
With a glut of bank-owned properties dragging down the recovery of the real estate market, as well as the national economy, major lenders are more eager than ever before to avoid foreclosure. 
A recent study finds that, "If a borrower abandoned the property while he was delinquent, sales within 500 feet suffered a 3.1% drop in prices. But a vacant home also in foreclosure — further down the distressed pipeline — lowered nearby home sale prices by 7.1%."
The biggest lenders in the country increased staffing to ensure rapid processing of short sale applications. They’re contributing cash incentives at closing for homeowners who … (3 comments)

 
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Julia Huntsman, CDPE, e-PRO, SFR, Broker

Long Beach, CA

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Huntsman Properties

Address: Long Beach, CA, 90803

Cell Phone: (562) 896-2609

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Talk about housing, neighborhoods, things to think about buying or selling (sometimes it's more than you think), things to think about with credit and loans (things to think about and do), and sometimes some fun stuff!


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