Many Homeowners Facing Foreclosure as Loan Servicing Guidelines change and this could mean increase in business for those agent that specialize in Short Sales!

Take a Look as many homeowners under the Presidents foreclosure -prevention program may be at risk of foreclosure due to the tightening up of guidelines forcing loan Servicers to make sure all paperwork have been turned in the their files. For those that are missing paperwork they wil get a 30 day notice to complety and failure to comply can put them at risk of foreclosure..

According to a Treasury Department guideline issued last month, mortgage companies have until January 31 to review all trial modifications that have been modified due to the Home Affordable Program. New guidelines will be issued next week in attempt to get some control over the loan Modification program and the complaints that paperwork is not being handled properly and the broken link of getting the modifications completed on the files for the homeowners.

This could be a great opportunity for thiose agents that specialize in Short Sales to gain new business as those homeowners that are not able to provide the necessary documentation are prime candidates for Short sale of their home in lue of Foreclosure.

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