Obama Administration Announces Financial Incentives and Uniform Process for Short Sales
Monday, May 18, 2009 | 1 comment
Obama Administration has added new incentives and uniform procedures for Short Sales under its new Foreclosure Alternative Programs (FAP), part of administration’s Making Home Affordable plan.
Loan servicer may consider short sale or deed-in lieu of foreclosure for borrowers who do not qualify to have their loan modified on a permanent basis under the Making Home Affordable Loan Modification Program.
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