Unfortunately, it looks the U.S. Treasury Department is going to miss its third self imposed deadline for issuing new short sale rules and policies to accompany the HAMP loan modification program. Despite an earlier statement that we would see the new policies this week, the Treasury Department released written testimony from an appearance before the Congressional Oversight Committee a [...]
Tags: Foreclosure Alternatives Program, government, short sale program, Short Sales, Treasury Department
Posted in General Loss Mitigation Options, Loss Mitigation, Short Sales | No Comments »
The problems with short sales; the delays, lack of response from servicers, lost files, reduced commissions, confusion, lack of uniformity, etc., etc. will soon all be solved. Or at least the government says they will be. On May 14, 2009 the Treasury Department announced that it would soon release new short sale rules, policies and forms for [...]
Tags: government, short sale solutions, Short Sales
Posted in Short Sales | No Comments »
