BUSINESS
10/25/2010 12:49 pm ET Updated May 25, 2011

Short Sales Resisted Foreclosures Are Revived

Bank of America and GMAC are firing up their formidable foreclosure machines again today, after a brief pause.

But hard-pressed homeowners like Lydia Sweetland are asking why lenders often balk at a less disruptive solution: short sales, which allow owners to sell deeply devalued homes for less than what remains on their mortgage.

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