Tag Archives: Lenders Gain More Acceptance Over Short Sales

Lenders are increasingly becoming more accepting over short sales as they seek more solutions to help struggling home owners avoid foreclosure, according to a recent article at MSNBC.com. “Foreclosure sales are pretty devastating,” Faith Schwartz, executive director of Hope Now, a resource for cash-strapped home owners, told MSNBC.com. “We’d much prefer a [loan] modification, but if [home owners] don’t quality, then the next best alternative is deed-in-lieu or short sales.” Short sales and foreclosures increased in 2010, but in 2011, short sales continued to climb even more (increasing 26,000 nationwide) […]