National Association of Real Estate Investors

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Senate should pass bill to give relief to underwater homeowners

Mar 10, 2015By

Short sales allow the borrower and the lender to walk away from a transaction that has failed for both parties with far less damage than foreclosure or defaulted loan modifications. Unfortunately, short sale transactions declined dramatically in 2014 because Congress did not pass this crucial tax extension until December.

3d rendering of a row of luxury townhouses along a street

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