Detailed text transcripts for TV channel - FOXNEWS - 20100710:20:39:00
Notes about a producer about a short sale? >> this is if you have to walk away from your mortgage, this is the way to do it. you go to your bank and you get your lender to agree, you put a best faith effort. you will sell your house and the bank will accept whatever the payment is. you might think banks wouldn't do that. a lot of people walking away are doing horrible things. they trash houses. they rip out cabinets. they do all this kind of destructive behavior. banks are sort of boxed in and willing to do a short sale. what this does, its formal legal binding document that says, this is what...