| 19.04.2012 - Will short sales save the housing market? |
| 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 |