Short sales sound like they could be the answer to a distressed Baton Rouge seller’s prayer, while offering buyers a great deal. They offer real promise to avert foreclosures. However, often the time to process them is lengthy and the ultimate success rate, low. Since the Making Home Affordable program came out in February, the Obama Administration has been announcing that new rules to make short sale s quicker and easier were on the way. Recently, the Treasure Department has released these new rules to expedite short sales Basically, the new guidelines offer financial incentives for borrowers, mortgage companies, and investors to participate in the program
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New Short Sale Rules Can Help Troubled Baton Rouge Homeowners in Shorter Time Frame
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