Friday, March 19, 2010

Short Sales - Faster process on the horizon?

A new program to speed up short sales goes into effect April 5. The word is that the federal government will begin to provide financial incentives to lenders to conduct more short sales.

The rules will help standardize the currently lengthy process a submission takes once an offer is made. This should help in the negotiation process for potential buyers.

Read more in the Wall Street Journal at http://online.wsj.com

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