The Obama Administration will attempt to curb the rising tide of housing foreclosures by paying homeowners to leave their property. Beginning April 5th, in an effort to streamline the short sale process, the lender will get $1,000, any second lien holder will get $1,000 and the defaulting homeowners will get $1,500 for vacating the property. With over 5million homeowners at risk of foreclosure, the administration wants to "standardize" the short sale process and make it easier on the borrower and much easier on the lender. Homeowners will get assurances from the lender that they will not be sued later for any deficiency and their credit will not be effected and fewer communities will appear blighted by massive foreclosure/REO signs in the neighborhood. 
Wallace S. Gibson, CPM * GIBSON MANAGEMENT GROUP, Ltd.
View our available rental homes online with photos and floor plans
"...to be a Virginian, either by Birth, Marriage, Adoption, or even on one's Mother's side, is an Introduction to any State in the Union, a Passport to any Foreign Country, and a Benediction from the Almighty God...." Anonymous
