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Mr. President, stop throwing money at the housing industry, that isn’t the problem
Awesome article reflecting the true problem with the Short Sale process. Owners want to either refi or sell... most dont want to squat! Giving a Lender an extra thousand to forgive 20k+ debt isn't going to make any sense to them. So all this will do is complicate the problem since the Seller will then be even more pissed off since they wont get the $1500!!!

By Todd Clark (Broker/Sales Coach) 503-524-9494

This morning I read a report that the President says the problem with the housing industry is short sales and he wants to fix it. I thought GREAT, ABOUT TIME! But then I read the article and quickly I realized that our President has no clue about what is going on with the housing industry. As with most politicians he thinks if we throw money at a problem, he thinks it will go away.
You see, the President says the problem with short sales is that the sellers don’t want to move out and that he is willing to offer $1500 to home owners to move out, so they can have money to move. WHAT? Since when do we have a problem with sellers not wanting to move ... more

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