TMI!

As in Too Much Information on Short Sales and Foreclosures. I just got back from a great, if challenging, class on the new mortgage relief, short sale, and foreclosure programs. Basically, the advise is: go see a real estate attorney! That's always been my motto, but now more than ever it is very important to have an attorney who know Oregon law, and a tax accountant, go over the options with you, and really figure out what is best for you. There are very few mortgage holders who will qualify for the alphabet soup that is the federal government's response to this mortgage crisis, but if you would like more info on HAFA, HAMP, HAUP, etc. check out www.knowyouroptions.com - a government site that will guide you through the preliminaries. One final note- if you can pay your mortgage, you will not get a short sale.