New Help From Government to Accelerate Short Sales

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Short sales, sometimes, are the last resort for struggling homeowners seeking to unload the burden of a property worth less than its mortgage. However, short sales are not easy. Lenders are usually reluctant to go through with a short sale on borrower's terms and often do not answer in a timely fashion to the borrowers whether they agree to the short sale or not. However, a new government program - starting April 5, 2010 - aims to change that and accelerate the process.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Doron Eghbali, Law Advocate Group, LLP | Attorney Advertising

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