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Loan Modification

: Mortgage Lender Implode-o-Meter

streamlined short sale program on the way

By Implode-Explode Heavy Industries

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Apparently the Treasury is planning to add another weapon to its growing foreclosure prevention arsenal, though this latest one involves the loss of the home.

Come April 5, a streamlined and standardized short sale process will emerge ? lenders will rely on real estate agents to determine the value of a home and the corresponding minimum offer to accept (hmm).

Full post as published by Mortgage Lender Implode-o-Meter on March 09, 2010 (boomark / email).

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