What's Next for Short Sales in Hutchinson MN

We've learned this week from our RE/MAX co-founder David Liniger that the US Treasury has a plan for expediting the short sale process.  The plan includes requiring lenders to make a "yes or no" decision within 10 days of submission.  Is there any change to the aftermath experienced by sellers choosing to sell short of what they owe the bank?  What if there is a second mortgage? Will there be a full release of any liability in the future?  These are questions still waiting to be answered.  Keep an eye peeled to updates at www.MyHometownAdvice.com or www.RachelHuls.com for more information.