Relevant:
- 2012 the year of the short sale -- Short sales over 50 percent of all MLS inventory in Southern California. Beware of costs like PMI, HOAs, and Mello-Roos.
- Banks tout new short-sale processes
- Bill sets 45-day deadline on lender short sale decisions
- Short Sale Lease-Backs Make Total Sense – Fannie, Freddie and Servicers Are the Problem
- 3 Reasons You Want A Short Sale Over A Foreclosure
2010-01-18 — market-ticker.org
``Now when stuck homeowners are trying to execute a short sale we have allegations that the banks are illegally trying to get something for their second liens (HELOCs and "silent seconds") which in fact are worth NOTHING in a short sale for less than the outstanding first mortgage balance.''
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