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Loan Modification

: Mortgage Lender Implode-o-Meter

Short Sales Resisted as Foreclosures Are Revived

By Implode-Explode Heavy Industries

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"?Banks are historically reluctant to do short sales, fearing that somehow the homeowner is getting an advantage on them,? said Diane E. Thompson, of counsel to the National Consumer Law Center. ?There?s this irrational belief that if you foreclose and hold on to the property for six months, somehow prices will rebound.?"

Full post as published by Mortgage Lender Implode-o-Meter on October 25, 2010 (boomark / email).

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Short Sales Resisted as Foreclosures Are Revived

Collapsing Short Sales Contribute To Continuing Flow Of Foreclosures

Foreclosures Boost Sales, Drag Prices

Are Foreclosures Really Slowing Down

Feds Issue "Guidance" To Speed Up Short Sales, Other Loan Mod Efforts In Effort To Tamp Down Foreclosures

Foreclosures Affecting Home Appraisals

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