According to an article in New York Times, mortgage lenders are offering cash incentives to homeowners willing to short sale. Shed the high payment of an upside down mortgage and get paid to do it!
Recently, Businessweek published an article stating that there's been a recent "dramatic shift" in banks' willingness to short sale. In fact, these lenders are even offering incentives to homeowners to short sale their home. Why the shift in attitude?