Realtors® Applaud Bill to Speed Lender Response to Short Sales

Posted by:

WASHINGTON (April 13, 2011) – A new bill to improve the process for approving short sales may soon bring relief to distressed home owners who are unable to keep their homes and hope to avoid foreclosure. The bill, introduced in the U.S. House yesterday and strongly supported by the National Association of Realtors®, would impose a deadline of 45 days on lenders to respond to short sale requests.

The legislation, the “Prompt Decision for Qualification for Short Sale Act of 2011,” was offered in Congress by U.S. Reps. Tom Rooney (R-Fla.) and Robert Andrews (D-N.J.)…. Read More


[related_posts_content limit="5" title="Related Posts"]

Add a Comment