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Real Estate & Property Law

: The Home Equity Theft Reporter

Fear Of 'Flopping' Fraud Leads Loan Servicers Away From Short Sales, Opting To Foreclose Instead

By r morris

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The Boston Globe reports:[A]s more homeowners attempt to stave off foreclosure by striking [short sale] deals, lenders are denying or delaying many of these transactions even when it appears the sales would be in their best interest, according to real estate agents and housing advocates.(1)Eventually, some of the properties are sold at auction for less than the lender would have recouped through

Full post as published by The Home Equity Theft Reporter on December 22, 2010 (boomark / email).

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