Short Sale Rules Could Change

I am only writing about this again since it was in the Sun-Sentinel.  I wrote about this on my blog back on December 1st, 2009.  I hope this does go through but we will see how well it works.  There have been so many initiatives that have failed so if you are looking at a short sale now based on this report you better be patient. 

“Homeowners stuck while banks consider whether to approve short sales could benefit from new federal guidelines that give lenders a 10-day limit to respond to offers.”

http://www.sun-sentinel.com/business/fl-short-sale-changes-20100111,0,2830786.story