Relevant:
- Short Sales for Borrowers Current on Mortgage
- Regulator streamlines foreclosure prevention program
- 1 in 10 Houses For Sale In SoCal Is A Short Sale
- 2012 the year of the short sale -- Short sales over 50 percent of all MLS inventory in Southern California. Beware of costs like PMI, HOAs, and Mello-Roos.
- People Are Still Losing Homes Under the Robo-Signing Deal
2012-11-02 — thestreet.com
Under the new guidelines, borrowers with loans backed by the GSEs can do a short sale even if they are current on their payments if they have a "hardship" such as the death or disability of a co-borrower, illness, divorce or legal separation or distant transfer of employment.
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