Short sales. That’s the buzz word these days, isn’t it? Well, most of you probably know what a short sale is, but just in case you didn’t, in a nut shell: A short sale is when a homeowner owes more on the house than its worth & must seek out lender approval in order to […]
Short sales approved in 10 days???
Can this be true? It may be starting April 5th, 2010. U.S. Treasury department is going to require that any bank receiving federal assistance will have only 10 days to respond to short sale offers presented to them. In order to be considered for the HAFA program: The home must be the principle residence of the […]
