recent hafa changes: 45 Day Short Sale Approvals or Else! - 04/18/11 11:52 AM
Posted By: Jacob Swodeck, PartnerFirst - Director of Education

A new bill that would give servicers 45 days to respond to short sale requests was introduced in the in the U.S. House last week. If passed into law, the Prompt Decision for Qualification of Short Sale Act of 2011, would "require the lender or servicer of a home mortgage, upon a request by the homeowner for a short sale, to make a prompt decision whether to allow the sale."
 If this sounds too familiar to you it may be because a similar bill was introduced in September of last … (0 comments)