Senate bill requires response to short sale requests within 75 days

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Bankers & Politicians need to get with it, Period! Will the Senate Approve the Bill to expedite Shorts Sales to 75 days or sooner? The Answer to this question is not a simple Yes as common sense would dictate. Last year there were at the minimum of six bills related to short sales and none made it beyond committee level.

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FHFA appoints new chief of staff The federal housing finance agency (fhfa) has appointed John Roscoe, a special assistant to President Donald Trump and former Trump campaign official, as its new Chief of Staff. Roscoe will take on the new role on February 4 and report directly to Acting Director Joseph Otting. Roscoe currently serves as Special Assistant to the President.

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Housing starts up but permits post lowest growth since mid-2011 Leasing metrics improved throughout 2018, particularly new leases, which were up nearly 150 bps from last year. Turnover rates remain near record lows as renter satisfaction remains very high. Low..

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To diminish the chances that your short sale offer will get rejected; it's essential to consider the. fees to sell are deducted, plus the mortgage, the funds are short, then it falls into short sale territory.. Here are reasons that banks turn down short sale requests:. 6 Things You Need to Know Before Buying a Short Sale House.

NO NEW 21-DAY TURNAROUND REQUIREMENT FOR SHORT SALE APPROVALS. The new law essentially requires, after a short sale has already been approved, for the lender to respond to a request for a short-pay demand statement within 21 days. The lender’s response to escrow can be a short-pay demand statement or even, depending on the circumstances,

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