What an amazing Breakthrough in LA last week!
By far the most detailed, substantive (and fun) event
we’ve every done!
But yes . . . I owe some people an apology . . .
From the energy, feedback, and questions, I know many of
you had major Short Sale Breakthroughs last week . . .
“The best 3 Day Event that [...]
The Obama administration is expected to expand its mortgage aid program today and announce new measures that will help homeowners avoid foreclosures and guess what he’s specifically talking about . . . you guessed it… Short Sales!
Also posted in Action, Appraisals, Banks, Barack Obama, Comps, Current Blogs, Short Sale Breakthrough | Tagged Add new tag, Barack Obama, Real Estate, Short Sale Breakthrough, Short Sale Laws, Short Sale Regulation |
Yesterday, Citigroup came forward in a deal with Senate leaders to support legislation that would allow bankruptcy judges to alter home loans in an effort to prevent foreclosures. Other lenders are expected to follow. The so-called “cramdown” proposal has been kicked around for a while now but has not yet made its way into law. It appears as if the legislation to make this change will find its way into President Elect Obama’s stimulus package and may become law soon.