Why are some analysts saying that 2012 is the year of the short sale? A overwhelming number of upcoming foreclosure filings, level-headed and realistic homeowners, and forecasts of further decline in home value add up to homeowners making a business decision to short sale their home.
You might be writing a hardship letter for any variety of reasons: loan modification, short sale, or several others. This particular article relates to writing a short sale hardship letter, but most of the hardship letter guidelines and certainly the hardship letter sample is useful for almost any type of hardship letter.
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!
Getting short sale approval always takes persistence and dedication, but when one client's file seemed jinxed, our team had to fight back with more than our usual willfulness.
The Federal Housing Finance Agency's HARP program was detailed on October 24th 2011 and promises to help homeowners who's mortgages are underwater due to the current economic climate. President Obama is hoping this will help the homeowners avoid foreclosure and help stabilize the economy.