Friday, July 30, 2010

Obama Administration Announces Financial Incentives and Uniform Process for Short Sales

May 16, 2009 by Deborah  
Filed under Foreclosure Info

Responding to the call of the National Association of REALTORS®, on May 14, 2009, the Obama Administration announced incentives and uniform procedures for short sales under its new Foreclosure Alternatives Program (FAP). For borrowers who do not qualify to have their loans modified on a permanent basis under the Making Home Affordable Loan Modification Program, [...]