A new bipartisan bill introduced in the U.S. House, Prompt Decision for Qualification of Short Sale Act of 2010 (H.R. 6133), would be welcomed relief to distressed property owners, prospective purchasers as well as real estate professionals working in the short sale market.
The legislation would impose a deadline on lenders to respond to short sale requests, requiring them to return an answer to the borrower within 45 days.
Read more at REO Insider.
Are you educated on all the latest developments and trends with Short Sales?
Do you want to learn more about Alternatives to Foreclosures, HAMP/HAFA, Nevada Foreclosure Mediation Program and how to implement an effective short sale system to generate more business?
Don't miss our next Certified Foreclosure Alternatives Designation Course
Next class: WEDNESDAY, OCTOBER 20TH ~ 9am-4:00pm ~ Lunch included!
iMortgage 9139 W. Russell Rd., Suite 100, Las Vegas, NV 89148
(Behind the Bank of George in the Desert Canyon Business Park –
215 & W. Russell Rd. Take Jerry Tarkanian Way to W. Oquendo Rd.)
Register today at www.shop.stevenkitnickseminars.com
This course is approved by the Nevada Real Estate Commission for 7 hours of general continuing education credits CE.5094000-RE. The course is sponsored by Steven Kitnick Seminars.
Once you complete the Certified Foreclosure Alternatives Consultant Designation Course, you’ll be a trained consultant who understands the alternatives to foreclosure with an emphasis on the short sale process.