Sneak Peak at Treasury’s Plan for Short Sales
October 8th, 2009
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The Department of the Treasury is just days away from announcing their new plans for short sales. Obama’s Housing Rescue Plan has focused primarily on loan modifications and with less than 12% of eligible borrowers recieving loan mods thus far, the current plan has been a dismal failure. These disappointing results have forced Washington into looking at short sales as a better way to curb the still declining nationwide real estate values.
