subject: FHA Short Refinance Program Fails to Address Marketplace Realities [print this page] 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
