Rick Hoffman, Coldwell Banker Residential Real Estate president, says the brokerage began to see a need for its new short sale division more than a year ago.

Rick Hoffman, Coldwell Banker Residential Real Estate president, says the brokerage began to see a need for its new short sale division more than a year ago. Photo by Melissa Jacobs.

Prompted by a high number of residential short sales in the down economy and the lengthy amount of time it takes to close such deals, Coldwell Banker Residential Real Estate Brokerage has set up a short sale division to tackle that issue and lure more business its way...

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