Well if 2009 was the year of the loan modification nightmare, 2010 will be the year of the Short Sale.  Many large banks are now turning there resources toward Short Sales and away from Loan Modifications.  If you are a homeowner in the loan modification process, be prepared to start receiving letters and/or phone calls advising you that a Short Sale may be the next alternative.  You can view an article below outlining some of the new bank initiatives.

http://www.ft.com/cms/s/0/fd66e156-1b62-11df-838f-00144feab49a.html

Are you experiencing financial difficulties and looking for advice on the options available to you?  Contact me today,  I am personally committed to helping 100 Maryland homeowners prevent foreclosure in 2010.