Thursday, April 19, 2012
Short sale process improving
Things are looking up in the short sale world...or at least it's supposed to be. On paper the changes made by the settlement between the Feds and the big banks look AWESOME! We'll have to see if it all pans out like its supposed to. The bottom line of the changes is that it's supposed to shorten the length of time it takes to get to the closing table. This is great news for those of us that have seen short sales take as long as a year to close! That's disgraceful and there's no excuse.
Now the lenders will be held accountable and actually have rules THEY have to follow!
I'm going to research this a little further and post the rules exactly as they were mandated by the settlement. I think you're going to love it!
To be continued......
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