On October 12, 2011, Rep Susan Davis (D-CA) introduced a bill named the "Short-Sale Transparency Act of 2011" (HR-3164).  This bill, if passed into law, would require Fannie and Freddie to "promptly" disclose the lowest price they would Polling Boxagree to on a short-sale once a short-sale application has been denied.  You can read the complete text, as well as track the status, of the (surprisingly short) bill here.  

I, for one, think this is a step in the right direction.  Better yet, why not require them to declare their minimum price up front so the transaction can close the first time?  What do you guys think?

 

 

 

 

 

 

 

 

James Malanowski, REALTOR, e-PRO - Bank-Owned / REO / Foreclosure Specialist in Palmdale, CAJames Malanowski is broker / owner (DRE #01373117) of J. Malanowski Real Estate Services in Palmdale, CA.  Specializing in the listing and sale of bank-owned / REO / foreclosure homes in the Palmdale, Lancaster, and Rosamond areas of the Antelope Valley (located in Northern Los Angeles County and Southern Kern County). 

James' brokerage also handles the listing and sale of other types of distressed property such as Short-sales, bankruptcy sales, probate / estate sales and divorce sales. They also provide end-to-end investor services including property management.

To reach James directly for more information please call (661) 285-5975 x101 or toll-free at (866) 217-9707 x101.  James can also be reached via e-mail at James@theJEMgroup.com

You can also view James' primary web site at theJEMgroup.com

 

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James Malanowski - REO Broker - Palmdale, Lancaster, Rosamond, CA

Palmdale, CA

More about me…

theJEMgroup.com (DRE #01373117)

Address: Palmdale, CA, 93551

Office Phone: (661) 285-5975

Email Me



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