RE/MAX CEO Explains New Short Sale Guidelines Issued By Treasury Dept.
RE/MAX CEO Margaret Kelly explains how homeowners can avoid foreclosure with the newly announced government short sale plan:
I've spend some time researching the new guidelines via new stories, US Treasury Dept. documents and several blog posts by other Real Estate Professionals. I do believe the guidelines will help both home owners and home buyers, however they are just guidelines and are not mandatory rules. It remains to be seen which lenders will participate in the program when it begins in a few months.