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?
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.