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Loan Modification

: Loan Modification & Home Loan News

40 Percent of Short Sales Fall Through

By Moe Bedard

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(Source: By Eric Wolff, North County Times, Escondido, Calif.) —Even with motivated sellers and interested buyers, 40 percent of short sales collapse before closing, a Realtors group said Thursday. Once a rarity, sales in which borrowers sell a house for less than they owe in loans has become a common practice in the housing bust [...]

Full post as published by Loan Modification & Home Loan News on March 11, 2011 (boomark / email).

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