Homeowners having financial difficulties and in fear of losing their homes to foreclosure could be helped by the newest addition to the government’s housing-rescue plan. It entails a standard process and incentives for a short sale. It will simplify the process for borrowers to transfer ownership of their home to the mortgage company through a “deed in lieu” of foreclosure. This will benefit the buyer because they avoid “foreclosure” and it will benefit the lender because they will avoid the high foreclosure expenses and large amount of time it takes to complete the process. This year, short sales have increased to 20% of all home sales. Compared to foreclosure, a short sale is less costly to the lender, but for the buyer it must be approved and can take up to four months to complete. The government plans to pay mortgage-servicing companies up to $1,000 and borrowers up to $1,500 for completed short sales and “deed in lieu” of foreclosure.  These incentives will help make the process go faster.

Get more information to start your Short Sale by calling us toll free at: 866-612-8975 

or fill in the confidential form below

For more information on the government housing-rescue plan see USA Today for common questions.

For all of your Victorville CA Real Estate needs: visit our web site

For all of your questions about Short Sales see How to Avoid Foreclousre

First Name* Last Name* Email* Phone Question / Comments Enter the code:    Please wait...