Are Lenders Shooting Themselves in the Foot?

Comments: (0) Written by: Duane LeGate Date: May 7, 2008

A couple of weeks ago, Reuters reported that “Realtors in many U.S. states say lenders are demanding excessively high prices before allowing distressed borrowers to offload their homes in ‘short sales,’ making the housing crisis worse.”
A short sale, as we have discussed here before, is when a borrower sells a home below market price and […]

If you enjoyed this post, Subscribe to our RSS Feed.

A Brighter Day for Short Sales?

Comments: (0) Written by: Duane LeGate Date: April 18, 2008

Ruth Simon and James R. Hagerty take a look at why lenders may be leery of short sales in today’s The Wall Street Journal. The article is definitely worth the read.
A recent study cited in the article by Clayton Holdings, Inc. (which tracks more than $500 billion in mortgage loans monthly for investors), finds short […]

If you enjoyed this post, Subscribe to our RSS Feed.