Short Sale Act of 2010 Introduced To Expedite Short Sale Requests!

Hey folks….given the state of the economy it’s no surprise that many of us have a home that is underwater and a mortgage that exceeds the value of the home.  An option for many distressed homeowners in that situation has been the utilization of the short sale.  This process requires lender approval but provides an option for homeowners to sell their homes for less that what is owned to the lender.