Fire Sale

Condon, Bernard
April 2008
Forbes Asia;4/7/2008, Vol. 4 Issue 6, p20
The article offers a look at the housing crisis in the U.S. It was noted that as banks seize more properties, they are also starting to lower deals just to sell the properties. Realtors, investors and credit counselors say that banks are not only approving more short sales but are even calling to revive old rejected offers. The author says that if such trend continues, the housing finance crisis will be resolved without any taxpayer bailout.


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