Atlantic, Cumberland counties among state's areas with highest foreclosure rates - pressofAtlanticCity.com: Business
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Atlantic, Cumberland counties among state's areas with highest foreclosure rates
Vernon Ogrodnek
short sales
Short sales, compared with foreclosures, can save banks money and leave homeowners with cleaner credit records. But for many houses, lenders aren’t participating in the new federal program to increase short sales. The lender that foreclosed on this house on Shore Road in Linwood is mortgage giant Fannie Mae, which is formulating its own, similar program rather than taking part in the federal effort.
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