Each and every week, there are things going on that impact the short sale business. Sometimes there are big changes to federal and state policies that impact short sale processing and the distressed property world. Other weeks, there is news about government programs for distressed borrowers.
Read below to learn about some of the interesting stuff that went on this week in the distressed property arena:
Debt Relief Act Extension Expected to Bring More Short Sales You probably already heard that the Mortgage Debt Relief Act of 2007 was extended another year as part of those fiscal cliff negotiations that Obama signed off on with his autopen. Well, as a result, there is expected to be a surge of short sales. (Say that three times fast—surge of short sales, surge of short sales, she sells seashells by the seashore…)
More Closed Short Sales in California than Foreclosures If it isn’t enough for us to tell you that short sales are the way of the future, this LA Times article should convince you. Time to take your next short sale listing.
How to Rock Your Next Short Sale Listing Appointment With all of the information from this article, you should be able to get through that next short sale listing appointment without even breaking a sweat.
There’s lots going on in the distressed property arena. And, if you are actively working with ‘distressed’ borrowers, it’s important to keep up with all of the changes in the industry. Sometimes that’s hard, which is why I've provided you with a weekly recap right here.
BROKER/REALTOR® ● CA DRE #01324959
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