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: The Home Equity Theft Reporter

Suspicious Shorts Sales Continue To Attract Spotlight

By r morris

The New York Times reports:STRUGGLING homeowners have found some refuge in short sales, in which lenders allow borrowers to escape foreclosure by selling a home for less than what is owed on the mortgage. Government programs offering incentives to both parties will push the number of short sales to 400,000 this year from 100,000 in 2008, according to CoreLogic, a financial consulting firm.But the

Full post as published by The Home Equity Theft Reporter on September 13, 2010 (boomark / email).