More Short Sales problems

by sfishome on January 19, 2010

Short Sales are known to be long and difficult. And when there are 2 lenders short sales can be impossible. Now, according to this video report on CNBC there’s a new problem. Some 2nd lien holders are demanding bribes to approve the short sale. The fraud in this country never ceases to amaze me.

By the way, this video ends with a conversation about loan modification problems.

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