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Recent changes in the Making Home Affordable program address problems with short sales and offer a streamlined approach that will help distressed homeowners who cannot qualify for a loan modification avoid foreclosure. Check out the details at http://www.treas.gov/press/releases/docs/05142009FactSheet-MakingHomesAffordable.pdf. Here are my thoughts on how these changes could affect short sale transactions. (more)
Please note: I personally share the opinion of many Realtors that short sales suck (if you don't believe me, check out this link: http://www.google.com/search?client=safari&rls=en-us&q=short+sales+suck&ie=UTF-8&oe=UTF-8), and hope that these improvements will provide a workable solution for future transactions.(less)
Will HAMP Changes to Short Sales Help or Hinder Future Transactions
Gilbert, AZ
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