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Loan Modification

: Loan Modification & Home Loan News

Government to push banks for more short sales

By Moe Bedard

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The Treasury Department spent 2009 pushing banks to modify mortgage payments so that distressed homeowners would not be displaced. Next month, the government will start a program encouraging owners and banks to sell some of those same homes. The program, scheduled to begin April 5, focuses on transactions known as short sales, in which a lender [...]

Full post as published by Loan Modification & Home Loan News on March 10, 2010 (boomark / email).

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