Regulators Set To Sanction Federally Regulated Banks For "Critical Deficiencies and Shortcomings" -- Smart Owners Turn To Short Sales To Stop Foreclosure.

Why Short Sale? – FREE information on Foreclosure Defense, Mortgage Modification, Tax Consequences, Deed-in-lieu-of-foreclosure, Short Sales, Deficiency Judgments, Bankruptcy Referrals & more. John Michailidis, SaraMana Properties – Phone: (941) 822-5221

Regulators Set To Sanction Federally Regulated Banks For "Critical Deficiencies and Shortcomings" -- Smart Owners Turn To Short Sales To Stop Foreclosure.

Acting Comptroller of the Currency John Walsh recently testified before the U.S. Senate Banking Committee that due to violations of State and Local Foreclosure Laws, sanctions are being prepared for some of the largest Federally Regulated Banks. While these sanctions will impose penalties on the institutions themselves, they are not expected to do anything for homeowners facing foreclosure, and foreclosure filings are expected to continue at record pace.

Smart homeowners in Sarasota & Manatee Counties Florida are choosing to extricate themselves from the process entirely by going the Short Sale route. The benefits of Short Sale over Foreclosure are many, and lenders are themselves becoming increasingly amenable to approving professionally submitted Short Sale Packages.

The SaraMana preForeclosure & Short Sale Assistance Team helps Sarasota and Manatee County Florida homeowners facing Foreclosure to STOP Foreclosure, Avoid Deficiency Judgment, and move on with their lives without the stigma and long-term overhanging debt that a Foreclosure could bring.

For more information Call us at 941-822-5221, or submit this ONLINE FORM.