Don’t feel skunked if an REO or Short Sale is right on your street….but if you are trying to sell your house…you certainly will feel it. It’s just a fact of the times. Be brave.
Thank goodness for the machine turning into loans for people http://www.hud.gov/
Check out the “hope for homeowners fact sheet“! Most important- people want to know some options. Things are changing pretty fast…here is a quote from the article…
“The President has signed into law the Hope for Homeowners program. This program will continue FHA’s existing and successful efforts to provide aid to struggling families trapped in mortgages they currently cannot afford. Certain borrowers facing difficulty with their mortgage will be eligible to refinance into FHA-insured mortgages they can afford.
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Hope for Homeownership Fact Sheet |
read articles HUD Secretary: FHA has helped 300,000 families find relief with government-backed mortgages
Having helped a seller with a short sale gave me in the line of fire experience with the ups and downs of working with sellers( the bank) that never sold before…
It had a good final result and it sold- we had 4 escrows and 1 finally closed. The difficult part was “Realtor-Agents” trying to do both and not being super great at either. It took a lot of hand holding with escrow, and patience.
All I can say is thank goodness lenders didn’t get to cut out the middle man…..woman REALTORS! We are really like teachers….helping families get moving into a home. It takes education, preparation and hand holding.
For now the G0v is trying to hold out a hand….it has to. Lets hold our hands together.
FHA HUD Real Estate realtors Short Sale
