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Short sales on the decline as economy improves
Short sales on the decline as economy improves

Monica and Bert Horner found their dream home last year in the Baltimore suburbs, but the deal from the start was akin to a troubled relationship — complicated. The four-bedroom, 21/2-bath Colonial in Baldwin was listed as a short sale, meaning the owners were seeking to sell it at a loss in order to stave off foreclosure. Such sales often require several layers of lender approvals and can stretch on for months before any closing can be scheduled. "We got nervous at times," Monica Horner said. "We put our offer in and didn't hear back from the bank for two months. We were really nervous. It was dicey. You had to go back and forth with the bank all the...