So a few blogs ago I spoke about the potential of a new law the Obama Administration was passing to help expedite the short sale process. Many people in my industry have been crossing their fingers hoping that this will be the "light at the end of the tunnel" for many homeowners and Realtors alike who have been waiting months for short sales to close.

What a boost to the economy that would be - for Realtors and homeowners to sell homes quicker to help get all these vacant homes off the market (I know I'd love a "faster" commission check). To me the ability to close these files quicker is incentive enough but from what I've learned there is $$$ for not only banks but for homeowners who successfully close their short sales.

Under this new program each mortgage holder (bank) will receive $1,000 for every successfully closed short sale and for the first time EVER the government will be giving homeowners who short sale "relocation assistance." That doesn't sound like a bad plan to me.

This new law takes place in April which is not that far away ... let's home this plan will be enough incentive for banks to help out homeowners like they should of in the first place.

Until next time ...

Kase C. Ellers
Assistant Manager/REALTOR
RE/MAX Gold Partners
www.KasesPlaces.com