2013-05-17mortgagenewsdaily.com

``"If a short sale is reported as a foreclosure, it could unfairly ruin short sellers' credit scores and make it more expensive for them to borrow," the letters said. "Instead of being able to qualify for a new home loan in just two years due to a short sale, they may have to wait up to seven years if that short sale is reported as a foreclosure. This actually could delay their re-entry into the housing market, stifling economic recovery for all homeowners."''


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