Banks Drag Feet On Short Sales, Survey Finds

Response times are long and many of the offers don't end with a sale, says the California Assn. of Realtors poll.Banks are dragging their feet when considering so-called short sales, an increasingly prevalent type of real estate transaction in which lenders allow homes to be sold for less than what is owed on them, according to a survey of California real estate agents.

Topics:  assn   california   banks   drag   feet   survey   short sales   real   estate   

 

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