Joe Bourland

US Treasury plan help speed short sales

12-01-09

In a long line of attempts at helping this erratic real estate market, the US Treasury Dept unveiled a plan to speed up and encourage short sales for families facing foreclosure. As real estate agents across the US know, short sales are a logical and less costly option to families facing foreclosure.

An initial article from Rueter's outlines some points in the plan.

Mandatory time lines for lenders to respond
Financial incentives for completing short sales
Guidance caps the aggregate proceeds to subordinate lien holders at $3,000
Prohibits mortgage servicing companies from reducing real estate commissions on the sale

This maybe the start to increased efficiency in the short sale process across the many lenders flooded with short sale requests.

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Joe Bourland
RE/MAX Professionals

Joe Bourland: Real Estate Agent in Goodyear, AZ

Office: (623) 322-8588

With over 20 years of experience, The Bourland Group is your Southwest Valley Real Estate resource.

The Bourland Group

Joe Bourland and his team have been providing the highest level of real estate services to buyers, sellers and investors in the South West Valley for years. Your satisfaction is our number one goal. Here at the Bourland Group, you will find that we never stop working to improve our systems, techniques and services. We are a service driven team, determined to be the best in town.

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About Joe Bourland

Joe Bourland, REALTOR, CRS,ABR,QSC

Joe is about education, systems, research and technology. He is continually taking classes and attending Real Estate related seminars to insure that he is keeping up with the latest trends, advancements and tools. Joe is a market expert and runs his business on systems.

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~ Joe has consistently been one of the Top 5 Agents in any office he has ever worked.

~ Joe is one of the highest educated agents in the area, having trained in New York, Washington, California, Nevada, Arizona and Mexico.

~ Joe was featured in Broker Agent Magazine as well as was a featured guest on the radio show Real Estate From A to Z.

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