Providing No Cost Short Sale Processing For Agents and Homeowners
Obama administration officials knocked down rumors on Thursday about any plan for new programs-dubbed an “August Surprise” -to streamline refinancing or cut mortgage balances for homeowners in a bid to stimulate the economy without asking Congress for money ahead of the midterm elections.
Now more than ever, homeowners need to work with Agents and lenders when contemplating a default on their mortgage. On Wednesday, Fannie Mae announced policy changes that will encourage more homeowners to pursue alternatives to foreclosure. Borrowers in default who decide to walk away but have the capacity to pay or didn’t complete a workout [...]
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