It seems the government is doing everything they can to help the consumer with their homes when it comes to Short Sale and Foreclosures. Starting in July Fannie Mae makes it easier for some struggling homeowners to buy houses in the future if they avoid foreclosure in the present.

Under rules released this month that will take effect in July, some troubled borrowers who give up their homes by voluntarily transferring ownership through a "deed in lieu of foreclosure" or by completing a short sale, where a home is sold for less than the amount owed, will be eligible in two years to apply for a new mortgage backed by Fannie. http://bit.ly/d7i0mK