According to a New York Times Article dated March 7, 2010, the Obama Administration will pay $1,500 to homeowners who want to short sell their home. This stipend is an encouragment to short sale instead of going full foreclosure. The article details the benefits to the economy to shorten the life cycle of upside down homeowners and help this country get on with other issues. Additionally, foreclosed homes are in typically rougher condition than short sale homes creating a downward trend in home prices.
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