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: The Home Equity Theft Reporter

Securitization A Key Stumbling Block To Completing Successful Short Sales

By r morris

The Huffington Post reports:[A]ccording to one analysis, short sales resulted in loan losses of only 19 percent, compared with an average loss of 40 percent on homes sold after foreclosure. So why aren't these sales more widely used?***[Rep. Brad Miller (D-N.C.)] points his finger at securitization. Once the mortgages are bundled and sliced up into different pieces, known as tranches, the owners

Full post as published by The Home Equity Theft Reporter on May 12, 2009 (boomark / email).