DS News - Digital Archives

October, 2012

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

Issue link: http://digital.dsnews.com/i/85814

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default servicing in print and online @ dsnews.com 10.2012 Historically shunned by creditors, short sales are becoming the resolution of choice as we make our way out of the crisis. FRAUDULENT SHORT SALE As short sale activity increases, so ANATOMY OF A does the potential for fraud, putting servicers in the precarious position of deciphering between swindles and legitimate flips. HOUSING PAIN HITS THE POLLS Recent study reveals a distinct link between foreclosure rates and voter turnout with default-heavy communities posting softer-than- average figures. SHORT AND SIMPLE Thanks to new rules aimed at easing the process and proce- dural steps servicers can take to avert roadblocks, short sales don't have to be a long shot.

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