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In addition to my previous blog defining "Short Sale" as a "Market Value Sale", there is now a new term floating around with the CEO's of large financial institutions these days: "Lender Mediated Sale". This is, perhaps, the most accurate term yet. Here's why: In a Short Sale, or "Lender Media...
10/08/2008
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Today's media tosses the words "Short Sale" around like the childhood game of "Hot Potato". Every day, on every major network, there seems to be a new report on the "Housing Crisis" and new efforts to aid struggling homeowners. "Short Sale" seems to be the automatic assumption and term of choic...
08/29/2008