The U.S. Department of Treasury and National Association of Realtors has combined forces. In recent “Making Home Affordable” seminars, the U.S. Treasury department announced several new initiatives designed to make the process of selling a home with a short sale much easier. The initiatives include a number of educational seminars for realtors and workshops for homeowners on how to avoid foreclosure.
The state of Illinois has been prompted to take action on foreclosures because of the continued numbers of homeowners in trouble in 2012. “As the nation’s leading advocate for home ownership, REALTORS are working hard on behalf of home owners who are unable keep their home and considering a short sale as an option to help them avoid foreclosure,” said NAR President and Illinois realtor Moe Veissi.
“From day one, the administration has been focused on utilizing every tool possible to stabilize the housing market. For many home owners, a short sale is the best way to avoid foreclosure and get back on track to financial stability,” said Darius Kingsley, Chief of Treasury Homeownership Preservation. “We will continue our outreach efforts to make sure that home owners across the country have every opportunity to understand the right options for their family.”