Short-sale process broken, pushing Central Valley families into foreclosure, REALTOR® survey shows

-

FRESNO, CA – July 22, 2011 – (RealEstateRama) — More than half of Central Valley REALTORS® characterized closing short-sale transactions as “difficult” or “extremely difficult,” according to a Lender Satisfaction Survey conducted by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The survey gauges REALTORS®’ experience working with lenders in their most recent transaction. The majority of those surveyed dealt with short-sale transactions – transactions in which the lender or lenders agree to accept less than the mortgage amount owed by the current homeowner.

Previous articleGlobal Tower Partners Closes New Financing
Next articleGrijalva Highlights Foreclosure Prevention Workshop Saturday, July 23 – Free Information, Credit Workshops Available to Home Buyers