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Loan Modification

: Mortgage Lender Implode-o-Meter

Short Sale Lease-Backs Make Total Sense ? Fannie, Freddie and Servicers Are the Problem

By Implode-Explode Heavy Industries

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``What?s not to love? Banks win by getting more for the property than would otherwise be the case. Investors win through earning a return that averages 15% on their investment. Banks win by getting more for the sale of the properties than would result from foreclosure. Our society, our economy and other homeowners win from a reduced the number of foreclosures. So, why do Fannie Mae and Freddie Mac both say no. Neither will approve a short sale under such circumstances.''

Full post as published by Mortgage Lender Implode-o-Meter on September 08, 2010 (boomark / email).

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