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Released: April 24, 2010

Plan to speed recovery for some borrowers

Source: Kenneth R. Harney, Washington Post (Free Registration)

Here’s some good news for people who had to give the deed on their house back to the bank because of financial problems, or who have done a short sale to avoid foreclosure: You may not have to wait the typical four or five years to re-qualify for financing to buy another home.

Instead, it could be as little as two years.

Read Full Article: Plan to speed recovery for some borrowers