April 2010 New Short Sale Updates

In an effort to make the process of a short sale more efficient, the government has adopted new laws and regulations, offering incentives to lenders to speed up the process of short sales.  These new laws take effect April 5, 2010.  Following is a link explaining the entire process and the goals they hope to achieve.

http://www.realtor.org/government_affairs/short_sales_hafa