FHA Short Refinance Program Fails to Address Marketplace Realities

One day, lenders will have to realize that the best way to revivea sinkingreal estate market is to re-value properties at their current market worth

. Otherwise, it will continue to be a long road of short sales, foreclosures, bankruptcies and strategic defaults...all of which accomplish the same thing, but in a much more painful, expensive and longer fashion.Maybe the implementation of judicial cram-downsduring bankruptcies isthe only way to instill sense in this whole mess.

FHA Short Refinance Program Fails to Address Marketplace Realities

By: Al Kernek

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