Making Home Affordable - Short Sales

Recent changes in the Making Home Affordable program address problems with short sales and offer a streamlined approach that will help distressed homeowners who cannot qualify for a loan modification avoid foreclosure.
Check out the details at http://www.treas.gov/press/releases/docs/05142009FactSheet-MakingHomesAfforda....

Here are my thoughts on how these changes could affect short sale transactions. Please note: I personally share the opinion of many Realtors that short sales suck (if you don't believe me, check out this link: http://www.google.com/search?client=safari&rls=en-us&q=short+sales+su...), and hope that these improvements will provide a workable solution for future transactions.

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