This new governmen program is helping some but not others. It has many pitfalls and sellers are missled in thinking the banks are giving away money for the asking. Banks will not give anything for free. They have many rules sellers have to comply with before an approval. B of A for example can be very frustrating as this particular lender does things in ways that make you wonder how they stay in business... well with a little help from our tax dollars...

Despite all the press, banks are not working any faster or aliviating the backlog regarding loan modification and short sales. Agents need to be extremely knowledgeable to handle these HAFA negotiations to avoid a potential foreclosure. Attorneys are not better at this and may actually make things worse in many instances as they kow law but not the ins and outs of a short sale maze..