RE/MAX Chairman and Co-Founder Dave Liniger met with Housing and Urban Development Secretary Shaun Donovan on Friday. They had a conversation on a variety of topics related to the current state of the real estate market, but focused primarily on recommendations for streamlining the Short Sale process.
“We feel strongly that if Short Sale transactions can become more like normal real estate transactions, we can make significant headway in reducing the number of vacant and foreclosed homes on the market,” Liniger said. “Because most homeowners aren’t aware that they have this option and loan servicers haven’t made it a priority, we feel the federal government should facilitate an effective national initiative.”
With nearly 70% of the homes that are foreclosed on never having been marketed, I agree that something needs to be done with preventing foreclosures. Untill the foreclosure rate drops, the housing market will never fully recover.
If you or someone you know is heading to foreclosure, have them give us a confidential phone call at (913) 712-9313. We'll see if we can help. We may have several options that can help you, a family member or friend.
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