Short Sales

Get ready for the short sales. According to a Treasury spokeswoman, Treasury officials will soon announce a $2,500 subsidy ($1,000 to the servicer and $1,500 to the seller) to encourage short sales as a way to clear the excess inventory. The fees are designed to help compensate the servicer for the extra effort, and to incent the seller to be cooperative and leave the home in good condition. Presu ...

If you are a homeowner facing foreclosure, these tips for making your home sell fast through a short sale. Professionals in the field can create a checklist for potential sellers or homeowners can use the following steps to take matter into their own hands and attract legitimate short sale offers with quick closing times.

1. Begin preparing the paperwork as soon as possible. Your agent or shor ...

Despite media reports claiming the worst of the recession is over, millions of average Americans might not yet agree. In fact, recently released data indicates the consumer has a long way to go before fully recuperating from the recent onslaught of financial fiascos. The following stress points are likely to increase the need – and desirability – of short sale offers as households across the nati ...

from CalculatedRisk From Alejandro Lazo at the LA Times: Short sales grow as a cheaper alternative to foreclosure. ... ...