Shortsale update

THE GOVERMENT HAS A PROGRAM CALLED [HAFA] WHICH STANDS FOR HOME AFFORDABLE FORECLOSURE ALTERNATIVES PROGRAM WHICH IS DESIGNED TO HELP ASSIST BORROWERS ND SERVICERS BY PROVIDING FINANCIAL ASSISTANCE TO THEM IN THEIR SHORTSALE . THEY HAVE DONE THIS FOR YEARS WITH THE CASH FOR KEYS IN A DEED IN LIEU BUT JUST STARTED OFFERING IT FOR SHORTSALES. THE IDEA IS THAT THE BORROWERS WILL LEAVE THE HOME IN GOOD CONDITION AND WONT DESTROY THE HOME OR TAKE STUFF OUT OF IT WHEN THEY VACATE BY MINIMIZING THE TIME A PROPERTY IS VACANT AND SUBJECT TO VANDALISM AND DETERIORATION.
I HAVE A SELLER WITH HIS LOAN FROM BANK OF AMERICA AND HE SAW IT FIRST ON THEIR WEB SITE AND TOLD ME AND I HAVE LOOKED INTO IT AS IT SAID HE WOULD GET $3,000 TO HELP HIM IN RELOCATING. THIS SEEMS A LITTLE BIZZARE AS MOST SHORTSALE PEOPLE ARE DOING WHAT THEY CAN TO MAKE IT WORK BECAUSE OF THE ADVANTAGES OF SHORTSALE COMPARED TO FORECLOSURE. THEY ARE ALSO OFFERING OTHER INCENTATIVES TO THE SECOND LIEN HOLDERS.

I WILL KEEP YOU INFORMED OF CHANGES AS THEY COME ABOUT AS THEY ARE CHANGING STUFF DAILY--CALL FOR INFO---DIGGER--406-250-7667

Sales looking up in california-good for Montana

In the San Diego union Tribune a recent article had medium home prices rose by over 15% from last year this spring.The medium price rose to $285,000 which means move up homes kicked in to broaden the market beyond low cost starter homes. The article said that economists read the latest figures as indicators that the housing plunge is mostly over.This was for the vast majority of southern california.
We lag behind awhile here in Montana so it will be some time before we feel it but those price homes and up are the people who come to Montana. This is good news and last month I was talking to my Brother-in law who is in the buisness and it has really picked up sales wise in western Washington this is all good news for us as things are starting to pick up in the areas we rely on for our buyers---call for info about any and all real estate--Digger--250-7667