The various efforts to fix the real estate market have become an
alphabet-soup of federal aid and programs. Just this week, the Obama
administration announced new incentives to speed up so-called short sales -
the selling of houses in depressed markets at the current price rather than
waiting for home prices to improve. So who's eligible for the new program?
Who's eligible for other programs? And how do they all work? And the big
question - will any of it work to fix up the real estate market. We talk
with local HUD operations specialist Phyllis Hargrove
, a short-sale realtor and a legal aid
attorney who's worked on foreclosure issues.
, Operations Specialist, Las Vegas Field Office, HUD
, Realtor, Prudential Americana
, Attorney, Legal Aid Center of Southern Nevada