Home 'short sales' set record in King County
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Home 'short sales' set record in King County

Seattle : WA : USA | Oct 15, 2012 at 1:29 PM PDT
Source: Seattle Post Intelligencer
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A record share of people worked out troubled mortgages in "short sales" in the third quarter, rather than going through foreclosure, according to a new report. Under a short sale, a lender agrees to a sale price that will net it less than the mortgage balance, because the value of the home has fallen below... FULL ARTICLE AT Seattle Post Intelligencer
 
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