Real Estate Market News

Better Short Sale Programs have been rolled out recently by the major lenders. Bank of America, Chase, CitiMortgage all have their own versions of short sale programs similar to the HAFA (Home Affordable Foreclosure Alternative) plan which has been around for a few years now. These programs are very cooperative with the homeowner who needs to sell and finds themselves owing more than their home is worth. Some of the programs offer cash incentives to the homeowner to do a short sale. Almost all of them will give a satisfaction of mortgage and promise not to pursue a deficiency judgment. If you might be interested in such a program contact a Realtor who specializes in Short Sales to find out if you qualify.

Then , depending you your situation, you may be free to buy your New Home at today’s low prices and low mortgage rates.  I have been specializing in Short Sales for 5 years. Feel free to call me with all your questions about short sales, or other real estate topics. Dee Smith 813-995-2322