How Jingle Mail Might Help Make Short Sales Easier
Remember youwalkaway.com? It was $995. Sound a bit too expensive? Well, do I have good news for you! Youwalkaway.com now has a competitor, walkawayplan.com, which is only $495! And the new site quotes bloggers, to boot! Apparently, if you go by Mish, homeowners don't have a moral obligation to honor their mortgage agreements, which is good news for those websites trying to cash in on the nascent jingle-mail phenomenon.
I'm actually quite glad that these sites are popping up, if only because it might help light a fire under the rear ends of mortgage servicers who are being unconscionably slow in approving short sales. The WSJ has a good article on short sales today, which lists some of the silly reasons why short sales are so hard:
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