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Worth Repeating – How Banks are Handling Short Sales

July 12, 2009

Washington Post article ‘Coming Up Short, More and More’  by staff writer Renae Merle, Jul 11, 2009, documents the efforts of lenders to streamline what is all to often a long drawn out process. We applaud the efforts of those lenders who are makeing the effort to improve the short sale process.

Everyone benefits from a successful short sale transaction. The distessed seller gets the best possible solution for their circumstances and credit. The lender gets more money than they would get if there was a foreclosure.The buyer gets a reasonable deal in a reasonable amount of time. And, the community avoids the blight of a vacant and distressed property.

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