Short Sale Incentives Coming in 2010, Treasury Says

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If you’re in trouble on your mortgage and can’t get a loan modification, check out the Obama administration’s standardized short-sale plan that’s scheduled to roll out in the next several months.

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This chart shows how to build a down payment fast Short Sale Incentives Coming in 2010, Treasury Says 20m Borrowers Could Be Underwater before 2012: deutsche bank Deutsche Bank Agrees To Pay $7.2 Billion For Misleading. – WASHINGTON -The Justice Department, along with federal partners, announced today a $7.2 billion settlement with Deutsche bank resolving federal civil claims that deutsche bank misled investors in the packaging, securitization, marketing, sale and issuance of residential.

Treasury hopes new rules send short sales to the rescue of underwater mortgages Original posted in the Washington Post by Tracey L. Longo: With new Treasury Department rules designed to expedite short sales set to take effect April 5, relief can’t come soon enough for some area buyers, sellers and real estate agents who have waded through a.

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The Treasury plan, which must be implemented by lenders no later than April, is meant to help sellers like Dawn Sclafani, who has been waiting since October for her lender to approve a short sale.

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Home Lenders boost South Florida short sales by 49% in 2010.. Short Sale Incentives Coming in 2010, Treasury Says. Jon Prior was a reporter with HousingWire through late 2012.

But Klein and others say the government may have to increase the financial incentives. The $3,000 cap on short-sale proceeds to less-senior lenders is not sitting well with second-lien holders.