Mortgage Debt Forgiveness to Shore Up the Housing Inventories


Florida homeowners have had more than $187 million in mortgage debt wiped out in the first phase of the multi-billion settlement between the nation’s five largest banks and state attorneys general.

The factors of this $1.7Billion (total) mortgage debt forgiveness nationwide is a tremendously positive impact on the real estate markets as it will prevent hundreds to thousands of homes from hitting the market as further distressed short sales or foreclosures continuing to help shore up the recovery in values, sales prices, and healthy inventory levels.

Shaun Dalton


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