More on Foreclosures and Short Sales
Foreclosures continues to be a morass damaging the economy in general. Government has not provided the direction found in the 1990-1993 housing mess when FDIC stepped up to the plate.
Paying Owners to Turn in Their Keys. Wow finally something sensible from banks. Some banks are paying owner to turn back the keys for a deed in lieu of foreclosure. Paying the owner costs less than foreclosure: Short Sale Incentives from CNN Money
Best Article I have seen on foreclosures and short sales: New York Times on Short Sales and Foreclosures
Let’s see what the SJC has to say about foreclosures in the next few days. This continues in a mess: Massachusetts SJC Ruling Due on Foreclosures
