Thursday, January 12, 2012

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La Mesa Weather

HousingWire

Short sales routinely show up in credit reports as foreclosures
Source: Los Angeles Times

Large numbers of homeowners who have negotiated short sales are at risk because of a startling omission in the credit system. Their credit reports and scores indicate that they were foreclosed upon, rather than having negotiated a mutually agreeable resolution with their lender, and the Federal Trade Commission and the Consumer Financial Protection Bureau are investigating why and how this happened.

Read the full story

http://www.latimes.com/business/realestate/la-fi-harney-20130519,0,111610.story

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