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Bankruptcy

: The Debt Podcast

The Mortgage Crisis: Upside Down And No Equity - Are Short Sales The Answer? What About Modification Of Mortgages In Bankrupcy?

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Short sales are being pushed as a win-win situation since the bank gets something, and the homeowner avoids foreclosure.  To me it looks like a lose-lose-lose situation.  Short sales hurt the mortgage company who loses money.  The homeowner loses their home.  Families that live around the property lose value in their homes since short sales [...]

Full post as published by The Debt Podcast on October 18, 2008 (boomark / email).

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