Breaking News from the Treasury about Short Sales
by Kris & Kim on January 5, 2010
Mortgage Modification Conversion Drive:
New Changes:
* Lenders to PRE-APPROVE short sales.
* Lenders must FULLY RELEASE borrowers from any future obligation (no more deficiency judgment fear!)
* No more money out of pocket demands from second lien holders….or any payback of the debt what-so-ever.
* Borrowers who do a short sale will be PAID up to $1500 to do a short sale! (read that one again)
* Seconds to receive no more than $3,000 TOTAL from the sale.
More to follow
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What is a Short Sale?
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