New Short Sale Program coming out 4/5
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name: Beth
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New Short Sale Program coming out 4/5
I am sure it will be a slow go in the begining
but as of 4/5 there is a new government program to speed up short sales
borrowers must first be denied for a modification
the next step will be to get a price approved and set terms for the sale
that should be followed by listing the house (the house is usually listed first now- which is where the slow down happens)
banks will review offers with in 10 days of recieving them
and the borrowers will get a relocation fee up to $1500
I hope this works!
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Posted 3/15/10 2:14 PM |
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