Short Sales: Will Obama's New Incentive Program Help Investors?

8 March 2010 No Comment

Short Sales just got a small incentive from the government. Or at least that is what we're being led to believe. Will this new treasury program really help speed short sales up?

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Exactly how will it affect real estate investors? Will housing inventories move faster? How are we supposed to believe banks will actually go along

Here are some very strong opinions from around the net.

New Treasury Program to Encourage Short Sales | Ryan and Schwarz LLP

Up to now, the Obama administration has had a pretty clear goal of doing whatever it could to keep struggling homeowners in their houses. Today, however, the.

Housing: More Short Sales Coming? | www.bullfax.com

John Lounsbury submits:David Streitfeld has an interesting article this morning in The New York Times discussing the outlook for an increase in the number of housing short sales and government efforts to facilitate these. …

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Great Article About Short Sales in New York Times by David …

I have done a number of short sales and I do believe we will have a lot of them over the next few years but my experience has been good, it takes patience and time but all of mine has worked out well for both sellers and buyers. …

Foreclosure.com Blog · The $1500 short sale incentive for sellers

The U.S. Department of the Treasury will soon offer lenders and distressed homeowners $1000 and $1500, respectively, motivating all parties to consummate short sale deals and, in the process, stem the foreclosure tide, according to the …

Will Short Sales Help the Housing Market – The Curious Capitalist …

I was taken aback this morning when I read in the New York Times that there is a new federal program that will look to put many thousands of mortgages-gone-bad back to the banks through a short-sale process.