Comments on: Fed Housing Program Encourages Short Sales http://blog.shortsalewealth.com/fed-housing-program-encourages-short-sales/ A straightforward, realistic approach to building wealth through short sale real estate investing. Wed, 19 May 2010 15:55:20 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Nathan http://blog.shortsalewealth.com/fed-housing-program-encourages-short-sales/comment-page-1/#comment-192 Nathan Thu, 04 Feb 2010 19:04:34 +0000 http://blog.shortsalewealth.com/?p=468#comment-192 Shawn, After reading the full 34 pages I found that a buyer must agree to not resell the house for 90 day! That will have a huge negative effective on my business. Shawn,

After reading the full 34 pages I found that a buyer must agree to not resell the house for 90 day!

That will have a huge negative effective on my business.

]]> By: Frank G http://blog.shortsalewealth.com/fed-housing-program-encourages-short-sales/comment-page-1/#comment-188 Frank G Mon, 11 Jan 2010 13:17:27 +0000 http://blog.shortsalewealth.com/?p=468#comment-188 Not investor friendly because you have to be a licensed real estate agent to make a commission or obtain proceeds on the transaction . Not investor friendly because you have to be a licensed real estate agent to make a commission or obtain proceeds on the transaction .

]]> By: Michele G http://blog.shortsalewealth.com/fed-housing-program-encourages-short-sales/comment-page-1/#comment-184 Michele G Tue, 05 Jan 2010 06:23:21 +0000 http://blog.shortsalewealth.com/?p=468#comment-184 The only think I wish is that the property did not have to be a primary residence. I am an investor renting a property that is so upside down and would love to take advantage of a program like this for me. The only think I wish is that the property did not have to be a primary residence. I am an investor renting a property that is so upside down and would love to take advantage of a program like this for me.

]]> By: Hollywood http://blog.shortsalewealth.com/fed-housing-program-encourages-short-sales/comment-page-1/#comment-177 Hollywood Sat, 02 Jan 2010 13:58:55 +0000 http://blog.shortsalewealth.com/?p=468#comment-177 Does this mean the home owner can still receive up to $1K (for buying something) and an additional $1.5K for moving assistance? The bank will recieve $1K and we as investors will recieve an additional $1K for doing the short sale? With the home owner fully realeased of all liability that should pretty much make it a no brainer even for the stubborn ones who now have no excuses not to SS the home! Honey, pack your cloth were going on vacation now instead of march! Does this mean the home owner can still receive up to $1K (for buying something) and an additional $1.5K for moving assistance? The bank will recieve $1K and we as investors will recieve an additional $1K for doing the short sale?

With the home owner fully realeased of all liability that should pretty much make it a no brainer even for the stubborn ones who now have no excuses not to SS the home!

Honey, pack your cloth were going on vacation now instead of march!

]]> By: Darlene S. http://blog.shortsalewealth.com/fed-housing-program-encourages-short-sales/comment-page-1/#comment-171 Darlene S. Fri, 04 Dec 2009 21:02:15 +0000 http://blog.shortsalewealth.com/?p=468#comment-171 What about the 2nd lien on a short sale? Does it get wiped out? Also, the speed of approval from the lenders. I have a short sale facing foreclosure because the lender has not approved an August short sale package and the lender has lost 2 documents previously submitted. I'm afraid the banks have control and are not heeding new w.h. rulings. What about the 2nd lien on a short sale? Does it get wiped out? Also, the speed of approval from the lenders. I have a short sale facing foreclosure because the lender has not approved an August short sale package and the lender has lost 2 documents previously submitted. I’m afraid the banks have control and are not heeding new w.h. rulings.

]]> By: Shaun http://blog.shortsalewealth.com/fed-housing-program-encourages-short-sales/comment-page-1/#comment-169 Shaun Thu, 03 Dec 2009 21:24:24 +0000 http://blog.shortsalewealth.com/?p=468#comment-169 Well now... isn't that the easy way out! :-) Actually, I'll happily give my opinion but I would like to see what others think before posting my opinion. So what do you think guys and gals? Well now… isn’t that the easy way out! :-)

Actually, I’ll happily give my opinion but I would like to see what others think before posting my opinion. So what do you think guys and gals?

]]> By: Bob H http://blog.shortsalewealth.com/fed-housing-program-encourages-short-sales/comment-page-1/#comment-168 Bob H Thu, 03 Dec 2009 06:14:11 +0000 http://blog.shortsalewealth.com/?p=468#comment-168 Better question is, Shawn how do you think this will affect the business? Bob Better question is, Shawn how do you think this will affect the business?
Bob

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