Elkhart Real Estate Agent Evelyn Johnston, New Short Sale Rules Coming April 5, 2010

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Real Estate Broker/Owner with Friends & Neighbors Real Estate RB14036506

If you live in Elkhart Indiana and are looking for a Real Estate Agent to help you because you are either behind in your Mortgage Payments, or expect to be shortly, Evelyn Johnston with Prudential One Realty is right on top of the new Short Sales Rules coming April 5, 2010. 

It will now be possible to get a figure the Mortgage Lender will accept as payment in full, no matter how much you owe on your home.  Second lien's will be settled for $3,000 and they forever give up the opportunity to come back to you for the difference.  This is a big, huge step in short sales

For a FREE, professional opinion about the value of your home and the possibility of a Short Sale on your property, give Evelyn Johnston a call at 574-304-7148.  Not sure what a Short Sale involves?  Here is a series of posts that tell you everything you need to know about Short Sales!

Call Evelyn Johnston, a Certified Short Sale Specialist at 574-304-7148.

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Rainmaker
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Abraham Valentino
iMetros.com Corporation - San Francisco, CA
Founder CEO iMetros.com & Nummus ICO

That is a gret news for short sales. DO you have more info on this for other states? Is this a national or local rule?

Jan 17, 2010 02:00 PM #1
Rainmaker
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Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

They are FEDERAL Rules and can be found at ustreasury.com, the program is part of HAMP and called HAFA short for Homes Affordable Foreclosure Alternatives.  Good Luck, there are 43 pages of new rules...

Jan 17, 2010 02:14 PM #2
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Rainmaker
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Evelyn Johnston

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