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Booming Short Sales Poised to Overtake US Foreclosures
By Good News Network Friday, June 01, 2012
Banks 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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