Realtors® Support Setting Deadline for Subordinate Lien Holder Short Sale Decisions

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WASHINGTON (July 19, 2012) – A proposed bill may soon help speed up the approval process for homeowners selling their home through short sale by requiring subordinate lien holders to review and respond to short sale requests within 45 days.
The legislation, “The Fast Help for Homeowners Act,” was offered in Congress today by U.S. Rep. Jerry McNerney (D-Calif.) and is strongly supported by the National Association of Realtors®.

“As the leading advocate for homeownership, Realtors® know that issues and delays with secondary lien holder… Read More


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