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Loan Modification

: Loan Modification & Home Loan News

Short Sales Increasing as an Alternative to Foreclosure

By Moe Bedard

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In a short sale the lender lets a homeowner unload a house for less than what is owed on the mortgage. The transaction recognizes that the home isn’t worth what the owner paid for it after more than two years of falling real estate values. Such deals are appealing to struggling homeowners because they escape weighty house [...]

Full post as published by Loan Modification & Home Loan News on February 18, 2010 (boomark / email).

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