New short sale program for homeowners

According to the National Association of Realtors, the government announced a new program today that is designed to provide a uniform process for handling short sales. The Making Home Affordable Program provides incentives for junior lien holders as well as relocation expenses for homeowners. There will also be a standardized timeline and documents for the short sale transaction. To read full details, please go to http://www.realtor.org/press_room/news_releases/2009/05/short_sales_process