December 2009 
There are 1 blog entries for December 2009.
Streamlined Short Sale Processes on the Way
Wednesday, December 2nd, 2009 at 5:35am. 736 Views, 0 Comments.
Treasury Outlines New Guidelines to Streamline Short Sales
Short sales have long been problematic for buyers and sellers alike due to the lack of urgency by banks to work out contracts in a timely manner. We've all heard the horror stories about buyers waiting three to six months or more before hearing from the bank on whether their offer was accepted or not.
According to the National Mortgage Bankers
Association, more than 9.1% of Georgia mortgage borrowers are 60 or more days
late on their mortgage payment.
In 2010, short sales are predicted to be a larger portion of the marketplace in the Metro Atlanta region. Some experts estimate that 40% of home sales in 2010 will be "shorts."
Short sales are seen as beneficial for 3 primary…