Friday, March 28, 2008

Countrywide New Policy on Short Sales of Investment Property

There is much scuttlebut surrounding COuntrywide's new policy not to permit a short sale of an invetsment property. This has yet to be substantiated about countrywide and the short sale of a non-owner investment property. Loss mitigation at countrywide reportedly did not confirm or deny the rumor that countrywide will not do a short sale of an inevtsment property.

there seems to be a big discussion regarding short sales and countrywide's loss mitigators are unhappy with the news.

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