10
Dec
09

New Short Sale Incentive: Short Sale Your Home Receive up to $1500

The Obama Administration just added another concept to their Making Home Affordable Initiative.  This initiative is part of a new Directive that focuses on homeowners wishing to keep their homes and on homeowners that can no longer afford to keep their home, but want to avoid foreclosure.

These new programs – Home Affordable ModificationProgram (HAMP) and the Home Affordable Foreclosure Alternative Program, are designed to enhance the Making Home Affordable Program.  There will be incentives for the lender and the borrower, in an effort to keep the housing market moving in an upward motion.

I will go into more detail in my next blog once I have digested the entire directive.

Until Then,

Keep your head up and your heart light,

ShortSaleDiva

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