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REOMAC Networking Event

You are cordially invited to join the NFSTI REO Networking Group on Sunday 4/5/09 at 7:30PM in the Lobby Bar of the JW Marriott, Palm Desert during the REOMAC Conference.The NFSTI REO Networking Group is being led by Pam Eikleberry, REO Specialist an

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WaMu

Can anyone explain why, with a bona fide offer of 54K higher than the last foreclouser, WaMu would rather foreclose than accept the short sale? Is there some accounting at the bank that makes the foreclosure more attractive to them?The second lender

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