Beginning April 5, lenders and mortgage investors will have even more incentives to offer troubled borrowers short sales instead of foreclosing. Under the new Home Affordable Foreclosure Alternatives program, borrowers will earn a $3,000 "relocation incentive" and servicers will get $1,500 for handling a short sale.
Don't foreclose! Do a short salemoney.cnn.comAfter taking a back seat for years, short sales have become the hottest thing in distressed-property sales. And that may help end of the foreclosure crisis sooner
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