Northern California Mortgage Mods

Posts on ‘May 15th, 2009’

Reduced to facilitating short sales?

The Obama administration has announced “enhancements” to its housing program that will make it easier for a homeowner to lose their home via short sale. Huh?
If this is part of a home retention program, I don’t get it.  A short sale nets no money for the seller.  It simply allows a buyer to get clear [...]