Distressed homeowners looking for a way out of their
mortgage that doesn’t involve foreclosure, may find relief
is on the way from a new bill introduced in the U.S. House.
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.
The bipartisan bill, Prompt Decision for Qualification of
Short Sale Act of 2010 (H.R. 6133), is sponsored by Reps.
Robert Andrews (D-New Jersey) and Tom Rooney (R-Florida).
Lenders have taken a lot of heat for the elongated timelines
it takes to get an approval on a short sale proposal.
If your worried about foreclosure American Eagle Realty can help you with solid answers about your rights and options before your house is foreclosed on! We are experts in the Short Sale Process and have the experience needed to work with your bank! Contact us we can help.....
American Eagle Realty
www.american-eagle-realty.com
502-969-1801
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