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Reforms to put more short sales in play

If you’re underwater and facing financial distress, what might Fannie Mae’s and Freddie Mac’s new short sale reform policies mean for you? Potentially a lot — even if you are current on your mortgage...

Reforms to put more short sales in play
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Short sales hit new three-year high

Sales of homes in some stage of foreclosure accounted for 26 percent of all nationwide residential sales during the first quarter — a three-year high, according to a new RealtyTrac report. This marks an...

Short sales hit new three-year high
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FHFA speeds short sale process

If you’re one of the estimated 11 million homeowners burdened with an underwater mortgage, a new federal policy change could be good news: Starting in June, when you want to do a short sale...

FHFA speeds short sale process
BofA offers $20K to Florida short sellers

BofA offers $20K to Florida short sellers

Bank of America is offering distressed Florida homeowners $20,000 to short sale their homes — immediately. According to the Palm Beach Post, the offer is only good to owners who submit their home for...

BofA offers $20K to Florida short sellers
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South Florida short sales jump 46 percent

South Florida’s pre-foreclosure sales, or short sales, surged nearly 46 percent in the second quarter compared to the same period last year, according to data from RealtyTrac.  There were 6,691 pre-foreclosure sales between April...

South Florida short sales jump 46 percent
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