Relevant:
- Short sale dynamics -- short sales recorded the highest number of transactions in three years during the first part of 2012. What data do we have on short sales with second mortgages?
- Fannie-Freddie short-sale program may hurt sellers' credit scores
- 3 Reasons You Want A Short Sale Over A Foreclosure
- Regulator streamlines foreclosure prevention program
- Banks tout new short-sale processes
2013-05-17 — mortgagenewsdaily.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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