Short Sales & Foreclosures Maintain High Visibility

After increasing more than 30% per year for the last four years, some estimate that foreclosures will drop to about 1.75 million in 2010/11.

The Treasury Department continues to place pressure on mortgage lenders to make trial loan modifications permanent. Furthermore in December the Treasury set long-awaited guidelines designed to simplify and speed up the short sale process through its Home Affordable Foreclosure Alternatives Program.

Until now the short sale process has been cumbersome for all involved; taking as long as eight to ten months to get a transaction to close.

The program goes into effect April 5, 2010.

Call 801-803-1436 to see every foreclosure and short sale in Salt Lake City and Sandy!