Real estate blog entries tagged with 10 day rule by J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY

Channels
Consumer
Professional
States
USA
- AL
- AK
- AZ
- AR
- CA
- CO
- CT
- DE
- DC
- FL
- GA
- HI
- ID
- IL
- IN
- IA
- KS
- KY
- LA
- ME
- MD
- MA
- MI
- MN
- MS
- MO
- MT
- NE
- NV
- NH
- NJ
- NM
- NY
- NC
- ND
- OH
- OK
- OR
- PA
- RI
- SC
- SD
- TN
- TX
- VI
- UT
- VT
- VA
- WA
- WV
- WI
- WY
Canada
- AB
- BC
- MB
- NB
- NL
- NT
- NS
- NU
- ON
- PE
- QC
- SK
- YN

Home : Blogs : J Philip Faranda, Broker-Owner : J. Philip's Westchester Real Estate Blog (914) 723-8900 : Tag "10 day rule"

10 day rule: 10 Day Short Sale Rule - 01/16/10 11:23 PM

There is a new US treasury guideline that will, according to a report, mandate that banks make their decision on a short sale in 10 days. The new rule also proposes a $1500 allowance to the seller for moving expenses. I have said before that it shouldn't take a lender more time to decide on a short sale than it currently takes to underwrite a mortgage. The process is virtually the same.
As enticing as 10 days sounds, I don't see how it could be enforced, nor do I see 10 days as particularly realistic. It takes a week for example, … (43 comments)

Related Links:

J Philip Faranda, Broker-Owner

Briarcliff Manor, NY

More about me…

J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY

Address: 522 North State Road , Suite 100, Briarcliff Manor, NY, 10510

Office Phone: (914) 762-2500

Email Me

Phil Faranda is broker and owner of J. Philip Real Estate LLC in Briarcliff Manor, NY. Since founding the firm as a sole practitioner in late 2005, the team has grown to over 20 agents and closed 300 transactions valued at $125 million. He is in his 3rd term as Vice President of the HGMLS. This blog commentary is geared toward consumers and industry colleagues alike. You can reach him at (914) 723-8900.
Warning: *Sarcasm and irony advisory at all times.*

Testimonials

There is no doubt in my mind that the house would still be on the market if it wasn't for Phil's proactive efforts.

5.0/5.0

by drmoi

Phil was very responsive to our requests; he was very professional and respectful; he always gave us his honest opinion on the questions we asked. ... more

5.0/5.0

by junglegirlnyc

Phil is a very honorable and respectful realtor. He has gone way above and beyond the call of duty for me not only once, but twice. He helped sell ... more

5.0/5.0

by MommyJ9

My houses for sale in New York

follow jphilipfaranda at http://twitter.com

Listen to internet radio with activebob on Blog Talk Radio

Listings

Links

Archives

Find NY real estate agents and Briarcliff Manor real estate on ActiveRain.

Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.