November 15, 2012 at 17:10 PM EST
Short-Sale Rules May Cut Foreclosure, Aid Home Prices
After five years of sitting on the sidelines, Augie Byllott is ready to throw his hat in the ring and make some offers on short-sale properties. He'd bought several before the housing bubble burst. "But when the market changed, I stopped," said Byllott, a managing member of Homeowner Resource, a Champions Gate, Fla., real estate investment firm that buys mostly foreclosed properties. "The short-sale volumes grew so large the banks didn't have the
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