JUICY DETAILS.....THE OBAMA SHORT SALE PLAN.AVI

30 fixed 4.875%, no points, 2k or less in cc's

15 fixed 4.375%, no points, 2k or less in cc's

5-1 arm 3.75%, no points, 2k or less in cc's

Obama Short Sale Plan (JUICY DETAILS INSIDE...Click on the link below to check out my 2 min video)



Just off the AM newswire folks!

According to the NY Times; Starting april 5th the obama administration's plan to deal with short sales is as follows.

Lenders are not able to Sue homeowners for any deficiencys :)good
Servicers get $1,000 :)good, but probably unnecessary(see my prior blog post about Indymac/Onewest that details how servicers are already making a TON of DOUGH already, on short sales and foreclosures.
2nd Lien Holders get $1,000 ....okay
Consumers get $1,500 .............okay
To set the price, a REALTOR will set the BPO(Broker Price Opinon) that is REALISTIC, meaning the homes should sell quickly
Upside: Communities will have fewer abandoned homes and properties should be dispositioned(bought and sold) faster, speeding the healing of all of our home values.

Downside: There has been close to ZERO execution of the prior programs.

My question to you, who I love, is...

Is this a Huge Step in the right direction?

or

Is this a waste of more of our tax $ that won't get anything done for the consumers?

I wanna know what you, the homeowner, thinks!

Let me know!

Do me a HUGE FAVOR?




If you like the information I am working hard to provide you, Please, let me know your thoughts and click on comment on the bottom. (You can even make up a pretend name in case you are shy so no one knows where your comment really comes from. Will you do that for me?

Thanks a Bunch!

Griffen

Category:

Education

Tags:

• mortgage
• short sale
• foreclosure
• modification

[GRIFFENHOCK1]

mrsixty5 - lots to learn and lots of opportunities. Are you a cash buyer?

[mrsixty5]

I just want to learn how to profit from short sales and investing "real estate-wise". Any suggestions or advice would be appreciated!

[beam7k]

Great information. Thanks for sharing with everyone.