Reporting by Diana Olick from CNBC:
The video takes a high level look at HAFA and the government program. All in all a decent view but any readers of this blog won’t be surprised by any of the content. In a nutshell, it simply discusses short sales and how it could help clear inventory from the books; but that lenders are hesitant to just “write off” bad debts.
What are your thoughts? Post ‘em in the comments!