Updated about 17 years ago on . Most recent reply
Obama bailout slowdown
Anyone else notice a slowdown in their pre-foreclosure marketing since the announcement of the mortgage bailout program? Seems things have slowed down quite a bit. Had a prospective short sale home that I looked at on Monday, and on Wednesday received a call that they were going to work with their bank again (had already qualified for a forebearance and were in arrears) on the new Obama plan. Their bank doesn't know what it is yet, but are going to put the foreclosure on hold again while they wait for details. Hope they are not getting false hope.