Treasury’s “NEW” Short Sale Guidelines
By: Myles, December 10th, 2009
The U.S. Treasury Department announced new guidelines this week designed to make short sales go more smoothly.
To qualify under these new guidelines:
1. The property must be the home owner’s principal residence.
2. The home owner must be delinquent on the mortgage or close to defaulting.
3. The loan must have been made before Jan. 1, 2009, and […]
Tags: Short Sale Guidelines, Treasury
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