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Posts Tagged ‘ short sale ’

Big banks find another area to be greedy when negotiating a short sale with a second lien

05/20/2010
By Carol Hines
Big banks find another area to be greedy when negotiating a short sale with a second lien

Big banks like Citi Mortgage and JP Morgan Chase find another area to be greedy when negotiating a short sale with a second lien Just as regulators, lawmakers and all forms of financial oversight boards are talking about new regulations to guard against mortgage fraud and another mortgage meltdown, there appears to be yet...
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Short sale demand overwhelms lenders

03/10/2010
By Carol Hines
Short sale demand overwhelms lenders

The number of short sale requests is on the rise and the demand is overwhelming lenders There is nothing short about the short-sale process, in which lenders unload properties for less than they’re owed and borrowers get their debt wiped clean. That’s because deals must be approved by mortgage holders as well as other...
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