In many cases a loan modification is not possible or just doesn’t make any sense because the value is much less than what is owed on the home. In the past a short sale was anything but short, with big money institutions dragging their feet only to end up taking back a home at a much larger loss than if they would have just completed the sale short. Idaho Short Sale Help is on the way with government incentives. It is my belief that 2010 will bring a large load of short sales being worked out and minimizing the amount of home foreclosures and here is why
- Up to $1,500 that will be given to seller for relocation
- Servicers can get up to $1,000 compensation
- Second lien holders will receive up to $3,000 to write off the remaining balance and let home be sold as a short sale
Josh Groesbeck is experienced with the Idaho Short Sale and has his team prepared to help whether you are in an upside down mortgage or have hit hard times, timing is of them importance so please call Josh direct for assistance 208-353-7131 or josh@homeswithjosh.com
