banking

Banks miss an easy housing fix

Monday, June 2nd, 2008 | Money, Real Estate | No Comments

Lenders say they want to help troubled homeowners, but they are delaying deals that could save everyone – including the lenders themselves – a lot of time and money.

By Les Christie, CNNMoney.com staff writer
Last Updated: May 28, 2008: 11:16 AM EDT
Lenders foot the bill for abandoned homes
Housing rescue on the rise; so are foreclosures
Banks miss an easy housing fix
Home sales rise – still near 17-year low

NEW YORK (CNNMoney.com) — Banks say they want to help troubled homeowners, but they are delaying deals that could save everyone – including the lenders themselves – a lot of time and money.

http://money.cnn.com/2008/05/28/real_estate/short_sales_long_waits/index.htm?postversion=2008052811

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