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Senator on a Mission to Change the Way Short Sales Affect Credit Reporting

Senator Bill Nelson (D-FL has asked for an investigation and possible “crackdown” on the manner in which short sales are impacting consumer credit files.   Nelson said that short sales are now often...

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Credit reporting update will distinguish between short sales and foreclosures

A change in how distressed home sales are reported to federal mortgage backer Fannie Mae should make it easier for people who did a short sale to buy again faster. Foreclosures are more financially...

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