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Banks encouraging short sales on underwater homes
invite response
2013 Feb 23, 7:43am 1,332 views 2 comments
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1
Reality
2013 Feb 23, 9:21am
It's a bribe. I have heard hearsays about brokers paying short-selling previous owners cash kick-backs with the existing lender's tacit approval for a few years. Now this is direct bribe from the existing lender.
2
Bubbabeefcake
2013 Feb 24, 3:01am
Bubbabeefcake
2013 Feb 24, 3:01am
Here is the "recovery" in full swing..guess there is plenty of inventory on the way then
It's referred to as housing "Stalemate"...their in a big ass hurry to heal the balance sheets before the Fed shifts gears and baby boomers begin to hang it up and investors " well, you know "...
Here is the "recovery" in full swing..guess there is plenty of inventory on the way then.
http://www.newsday.com/classifieds/real-estate/banks-encouraging-short-sales-on-underwater-homes-1.3512298