Did you know that the banks are streamlining short sales? Say what?
Oh yes. Starting April 5, 2010 it’s going to get easier my friends. Well let’s hope so anyway. Each lending institutions will need to subscribe as participant in order implement the program.
Bad news, the lender list is really short. In fact, still waiting for a list of subscribers. Good news, most lenders are getting better at approving short sales. Wachovia has already implemented their Fast Track with short sale approvals in 7-10 days & that’s without the new HAFA program. Only time will tell if more lenders will jump on the band wagon.
Check out this article on the new program & guidelines. http://bit.ly/dD5sXX
Not sure if you should short sale? Connect with me to discuss the in’s & out’s of the process.