As more home owners have fallen behind on their mortgages, many local markets have been flooded with distressed sale properties—short sales or actual foreclosures—demanding that REALTORS® develop new skills to respond on behalf of their clients and their communities.
The FHA announced that they would shorten the waiting period for qualified borrowers who lost their home due to financial hardships and are looking for another shot at home ownership.
Resources For Homeowners, Buyers and Sellers
HouseLogic.com: Foreclosure Counsellors: What They Can and Can't Do
HouseLogic.com: Foreclosure Process: How State Laws Vary
Resources and Programs For Realtor® Associations
Neighborhood Stabilization Project