More news was released yesterday by the New York Times about the new federal program that will actually pay homeowners to sell at a loss! Under the program more homeowners will be in the position to sell their homes “short sale” than ever before…while being given up to $1,500 for relocation expenses when the home closes escrow. Obviously this is a much-debated plan with homeowners that have struggled to stay current on their mortgages being unnerved by the idea of their tax money being spent in such a fashion and banks upset at being told how they will handle their assets.
For more information on the program Click here
Weigh in on your thoughts,we’d love to hear what you think about the new plan!
Clint Cronic, Broker & Mindy Cronic, MBA, Owners
Next Generation Real Estate Services
942 Merchant Street Redding, CA 96002
530.227.0345 or contactus@sellingredding.com
DRE License #’s 01314114, 01458166
