Real-estate agents, lenders and federal policy makers have pointed to short sales as one way to revive moribund housing markets while helping troubled borrowers avoid foreclosure. But second mortgages are tripping up many short-sale efforts.
WSJ.com: What's News US, Wall Street Journal
Fri, 11/26/2010 - 6:16pm
Real-estate agents, lenders and federal policy makers have pointed to short sales as one way to revive moribund housing markets while helping troubled borrowers avoid foreclosure. But second mortgages are tripping up many short-sale efforts.