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Banks encouraging short sales on underwater homes


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2013 Feb 23, 7:43am   1,246 views  2 comments

by Barney_Franks   ➕follow (0)   💰tip ()  

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

Comments 1 - 2 of 2   

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  

Barney_Franks says

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 "...

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