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Subsidizing Short-Sales

Tue 09 Oct 12 | 04:39 PM ET
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Subsidizing Short-Sales

Tue 09 Oct 12 | 04:39 PM ET
According to LPL Applied Analytics, short sales surpassed foreclosures last spring. CNBC's Jane Wells reports a congressional committee estimates the tax-free debt forgiveness will cost close to $1 billion in lost revenue to the government. Jason Haber and CNBC's Rick Santelli, weigh in.
 
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