short sale time frame reno: Short Sales May Get Shorter - 03/14/12 03:57 PM
Current short sales outside of the HAFA and HUD PFS program can take anywhere from 2-8 months to close and in some cases longer. As part of the state Attorney General's multi-billion dollar settlement short sale time frames are set to decrease.
New guidelines from the settlement give mortgage servicers 30 days, from receipt of the full short sale package, to give a response or request new documents. The receipt of the short sale package is usually within 1-2 weeks of an accepted offer.
The guidelines carry fines of $1,000,000 for each violation with a cap of $5,000,000 for each file … (1 comments)

 
Beach335_hi_res_-480x640 Rainmaker_large

Ricky Beach Broker/Owner, Realtor

Reno, NV

More about me…

Renown Real Estate Services

Address: 6900 S. McCarran Blvd., Suite 3040, Reno, NV, 89509

Office Phone: (775) 313-9600

Cell Phone: (775) 750-1437

Email Me

<!-- Start of StatCounter Code -->

tumblr hit tracking tool
<!-- End of StatCounter Code -->


Listings

Links

Archives

RSS 2.0 Feed for this blog

Find NV real estate agents and Reno real estate on ActiveRain.