Short Sales Resisted as Foreclosures Are Revived

New York Times by MICHAEL POWELL. PHOENIX — 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. Ms. Sweetland, 47, …