Elaine Edwards's Blog – November 2009 Archive (1)
Treasury to Encourage Short Sales By Kate Berry
September 9, 2009
¦Advertisement
The Treasury Department plans to announce financial incentives for servicers to pursue short sales and deeds in lieu of foreclosure for troubled homeowners who do not qualify for the Obama administration's loan-modification program.
In a short sale, a home is sold for less than is owed on the mortgage, whose holder accepts a discounted payoff. It is often considered less costly than a foreclosure.
Under the Treasury plan, which is… Continue
¦Advertisement
The Treasury Department plans to announce financial incentives for servicers to pursue short sales and deeds in lieu of foreclosure for troubled homeowners who do not qualify for the Obama administration's loan-modification program.
In a short sale, a home is sold for less than is owed on the mortgage, whose holder accepts a discounted payoff. It is often considered less costly than a foreclosure.
Under the Treasury plan, which is… Continue
Added by Elaine Edwards on November 7, 2009 at 3:03pm — No Comments
Latest Blog Posts
Most Popular Blog Posts
© 2024 Created by Short Sale Superstars LLC.
Powered by
**********************************
like buttons