Hello, I’m Matt Fetick with SoldbyShortSale.com, Pennsylvania and Delaware’s leading short sale specialists. I want to give you an update today on what is going on in the short sale world, specifically with people who are getting a divorce and owe more money on their home than it is currently worth. We know that going through a divorce can really be a difficult thing. Unfortunately we have had to help many people who find themselves in a place where divorce is their only option. They also realize they need to sell their home and they owe more than what it is worth. We want to let you know that the government guidelines that have come down from the loans that are owned by Fannie Mae and Freddie Mac which almost 85% of all loans are. They have now changed their guidelines effective as of October of 2012. They have changed their guidelines so divorce is now considered a hardship if you need to sell your home. You no longer have to be delinquent in your mortgage payment. In other words, say you owe more on your house than it is currently worth and you are going to get a divorce, it used to be that the banks would not consider doing a short sale unless you were delinquent and behind in your mortgage payments. Well that’s no longer true. With a Freddie Mac or Fannie Mae loan and they can be serviced by Wells Fargo, Citi Bank, Chase, or lots of the big lenders. They may be the servicers who take care of the mortgage on behalf of Freddie and Fannie and are now working with the new guidelines for substantial hardships that include divorce. So if you are going through a divorce and you need to sell your home, and owe more on it than it is currently worth and you are not delinquent on your mortgage and you want to see if you qualify for the new Fannie and Freddie programs please give us a call. Someone from our team would be happy to return your call and speak with you and help you decide if a short sale is the best decision for you. I’m Matt Fetick with SoldbyShortSale.com, thanks and have a great day.