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Banks Don’t Want to Own Homes but…

Banks may not want to be home owners but the New York Times cover story written by Peter Goodman (and reprinted on the front page of the Oregonian this morning), shows that they may be motivated to drag out the short sale process for as long as possible in order to extract fees.

Rather than picking a few quotes out of the story, I recommend reading the whole article linked above.

One Comment on “Banks Don’t Want to Own Homes but…

  1. Anyone have 1st hand experience on how this is affecting PMI rates?

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