Prompt Decision for Qualification of Short Sale Act of 2010 | At last, a bill to pass a LAW to expedite short sales!

[Account Closed]

Have you heard?! Bill H.R. 6133 has been introduced to congress to force servicers/lenders to move quickly to approve short sales in 45 days! Finally, a true push to move this housing market forward!

Prompt Decision for Qualification of Short Sale Act of 2010

Here is the link to the government's bill's website:

http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.6133.IH: :mrgreen: :mrgreen:

[Jeff NA]

Originally posted by Arnold Camps:

Making it a law for lenders/servicers to have an answer in 45 days...

Kind of like the law that says we can only drive 65 mph on the highway? That's being strictly adhered to, correct?

Sounds like two birds, at best, in the bush. I'm with Bryan. No reason to get excited when "respond" will be defined by the banks as a letter saying the case is under review and that you should expect an answer in 30 days. Which, of course, might be defined as 4 months.