Thursday, May 14, 2009

The Treasury and Short Sales

Uncle Sam has told the lenders... Get your Sh(ort Sale business) together! See this amazing Fact Sheet from the Making Home Affordable website. Some of the things that are mentioned in this release:

Sellers have from 90 days to A YEAR! to sell their property
Lenders are not supposed to mess with commissions
2nd lienholders get some subsidy on their loss from Uncle Sam

Stay Tuned!

No comments:

Post a Comment