Real Estate Now
Taking Advantage of Mortgage Debt Relief Act
According to our real estate columnist, this may become the banks' preferred method of dealing with homeowners who are behind on their mortgage.
Last week, I broke the good news about the federal government extending this act through 2013. All homeowners who are in trouble can now sleep at night knowing that they can avoid foreclosure. With the extension of this law, banks are now indicating that this may be their preferred method of dealing with behind homeowners in 2013. We saw a record number of short sales in 2012 and that trend should continue in 2013. Who to call? It is important that you have a real estate agent who is well versed in the short sale process. An inexperienced agent can be detrimental to your sale and may even delay it to the point where a homeowner gets foreclosed on. Agents, like myself, that are a CDPE, or Certified Distressed Property Expert, are your…
