Booming Short Sales Poised to Overtake US Foreclosures

Booming Short Sales Poised to Overtake US Foreclosures

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sold signBanks are slashing the asking prices of homes with delinquent loans to their lowest levels in at least seven years, making it easier for homeowners to get out from under troubled mortgages and more appealing for homebuyers to snap up properties at a discount.

The number of short sales could top foreclosure sales as early as this quarter.

(READ the story in CS Monitor)

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