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Short Sales Headaches
Thursday, November 5, 2009Short sales volume on the rise. Big bank like Wells Fargo sees their short sales volume have doubled from January to September, according to Reuters. While first lien holders willing to reduce their payoffs, secondary lenders are gaining more power in negotiating the payment with primary lenders. These junior lenders know they're holding the bag. It's about 'deal or no deal.' That's why these lend...
Original article from http://feedproxy.google.com/~r/UrbanTrekkerBlog/~3/jKie0f5_120/short-sales-headaches.html
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