FHA and the Short Sale Process

I recently read an article discussing the fact that FHA may soon be taking over much of the Short Sale and REO business for lenders.  They claim that FHA will be able to speed up the Short Sale process and help assist lenders with the bad loans they are working through. 

“We are expecting to see a ‘FHA Streamlined Short Sale Process’ rolled out over the next 90 days.  Short sales are often the no-brainer solution for the seller and lender (now the FHA).  Don’t be surprised if the short sale process takes less than 60 days from listing to close” states the author.

They are talking about the FHA buying $40 billion in troubled mortgage assets per month from the lenders.  This should help free the banks and lenders from the trouble they have found themselves in.  As the government continues to work to find ways to assist the sagging real estate market, we are hoping that the programs they do put in place truly help those who need help, and begin to put us on track to a growing real estate market.

Oregon Home Savers works with homeowners who need help with selling their home.  We specialize in working with troubled homeowners and real estate agents who need help through the short sales process.  Call us we can help! 1-888-545-0656.  www.OregonHomeSaver.com