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Loan Modification

: Mortgage Lender Implode-o-Meter

Lenders more open to Short Sales

By Implode-Explode Heavy Industries

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?Without a doubt, lenders are more willing to work through short sales,? said Andre L. Mitchell, the executive vice president of the Lynx Mortgage Bank in Westbury, N.Y. ?In this marketplace if the lenders can negotiate in any way to get rid of a bad loan, they?re going to do it.?

Full post as published by Mortgage Lender Implode-o-Meter on May 16, 2009 (boomark / email).

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