Another Bill to Speed Lender Response to Short Sales Leaves Realtors Cautiously Optomisitc – Selling a Home in Ventura County

by Gary and Lisa Schoeffler on April 14, 2011

in Short Sales

A new bill to improve the process for approving short sales may soon bring relief to distressed home owners who are unable to keep their homes and hope to avoid foreclosure. The bill, introduced in the U.S. House yesterday and strongly supported by the National Association of Realtors®, would impose a deadline of 45 days on lenders to respond to short sale requests.

This sounds so familiar… I kept checking the date of the article to make sure I was reading a current post! NAR, the National Association of Realtors, has been leading this charge for a couple years now and they have made some progress. Let’s hope for the best, we all agree the system could use some refining!

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Post by Gary and Lisa Schoeffler

Gary and Lisa Schoeffler are Ventura Real Estate Professionals specializing in residential real estate. Their expertise in helping both buyers and sellers is widely recognized in Ventura County. How can they assist you today? Wondering what the market is like? Call them, they will be happy to talk with you about it. 805-320-4472

Gary and Lisa has written 371 articles.

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