Increased Lending, Short Sales Necessary to Reduce High REO Inventories, Say REALTORS®

Washington, DC – September 16, 2011 – (RealEstateRama) — Improving access to affordable mortgage financing for qualified home buyers and investors and committing additional resources to loan modifications and short sales will help reduce current and future inventories of real estate owned (REO) properties held by government agencies, according to the National Association of Realtors®.