Short Sales in the news blogs…
New York Times online, Programs Will Pay Homeowners to Sell at a Loss, by DAVID STREITFELD, Published: March 7, 2010
Expert commentary by CalculatedRisk.com, Short Sales and 2nd Leins (lots of links to good information in this post), and More: Short Sales and 2nd liens
More from Calculated Risk, Housing: A Tale of Boom and Bust and a Puzzle
This is sad, from Dr. Housing Bubble, a quote, “The banking system has captured our government and frustration is boiling over.” and “even worse, these banking crooks are now offering fire sale deals to other banks and hedge fund investors! I’ve contacted a few banks about short sales and in many cases, preference is being given to “all cash” investors. Glad those bailouts are supporting the crony banking system.”
We need to get the people who got us into this mess out of public office and out of banking.