Quicker Lender Responses to Short Sales
Friday, April 22, 2011
The current mortgage crisis in America is leading more and more distressed property owners to foreclose on their homes. As a CDPE designated team, we Applaud the Bill to Speed Lender Response to Short Sales.
The National Association of Realtors supports a new bill to set a 45 day limit on lenders to respond to short sale requests. Having a quicker response from the lender encourages the buyer to stick with the sale which then helps to save a distressed homeowner/family & their future.