There is a new Bill in town - Prompt Notification of Short Sales Act

Senators are introducing legislation to shorten the process of a short sale about time.  Sen. Scott Brown, R-Mass., along with Sen. Lisa Murkowski, R-Alaska, and Sen. Sherrod Brown, D-Ohio have joined forces and have a bill in the works.  The Bill S-2120 aim is to require lenders to shorten the time to get an approval.  This Act may be cited as the `Prompt Notification of Short Sales Act'. And if passed would cut the time to 75 days for approval.  This is one to watch…

 

Richard & Janet - Certified Short Sale Professional HAFA - Certified 661-733-0507 OR 733-0508 Keller Williams Realty AV Serving Palmdale, Lancaster in California www.HomesByJR.com www.ShortSaleByJR.com

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Comment by Kevin - Greenville, SC on March 3, 2012 at 6:20pm

I'm my experience the speed in getting a reply to an Offer is not the main issue anymore, it's the counters (valuations).

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