short sales redux

[walkitout]

Short sales are not going through because lenders want to collect on mortgage insurance: 20% of the loan balance. This is explains a _lot_ since 20% of a hugely inflated loan would be substantially more than 20% of the current value of the home.

Boy.

http://slcrealestate.blogspot.com/2008/05/short-sales-arent-short.html