Easier Short Sales for Military Homeowners

A new policy is now in effect for military members with PCS orders to help sell a home as a short sale. Short sales generally require homeowner’s to be in default on their mortgage. With the new policy, military members who purchased their home on or before June 30, 2012 can sell for less than the balance on their mortgage even when they are current on their payments. The mortgage must be backed by Fannie Mae or Freddie Mac – this information can be found on their websites.

For the full article on this new policy visit:: www.DSNews.com

Call today for more details!
Danielle Hifko
New American Mortgage
910-581-6398