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Will short sales save the housing market?

Posted on 19 April 2012

Foreclosures are down and short sales are up, but what does this mean for the real estate market as a whole? The answer depends on who you ask.
But first, some background: Short sales occur when a lender agrees to sell a home for less than what is owed on the mortgage. The lender forgives the difference, and the borrower unloads a home they can’t afford………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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