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This article serves as an indication that mortgage holders are slowly, but surely coming around to realize that short sales are a better solution than foreclosures when it comes to mitigating loss and reducing their exposure of non-performing loans. Many of the national loan servicers have becom...
Several of the larger national lenders are using a similar model for mainly their "bank owned" portfolio. We had one client who left the short sale closing with a check for $10,000. It's definitely a great incentive for people to pursue a short sale. However, it applies to a relatively small perc...