Help For Pre-Foreclosures
It seems evident now that there will be help in the Stimulus Bill for people in danger of Foreclosure. Again the future effects on Short Sales remains to be seen. I'm sure in the coming weeks after it's approval lenders will be scrutinizing the details and the news will trickle down to how it can best help consumers in trouble.
I heard it mentioned it will likely offer restructuring as a means of allowing homeowners to keep their home. That certainly will be a win win for everyone. Let's home the bill has it's desired effect of not only helping the economy but also distressed homeowners. Ultimately there may be a change in lenders attitudes toward investors hoping to do Short Sales but if that happens there will still be many other opportunities in Real Estate for investors. Anytime the climate changes investors need to be willing to change also to take advantage of whatever opportunity present itself. If it's not Short Sales then other options will prevail.
If interested in learning how to do Short Sales check out these:
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