Senate bill requires response to short sale requests within 75 days

Brown’s legislation requires a written response of an acceptance, rejection, counter offer, or the need for an extension of time within 75 days of a request from a homeowner-thereby providing both buyers and sellers of short sale properties with predictability during a real estate transaction.

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Monday, February 16 The Senate Judiciary Committee convenes its first hearing on Senate Bill 262, which would ratify a long-disputed water compact between the Confederated Salish and Kootenai.

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 · (1) The entity may require that an appeal be filed within 60 days of the denial of an individual’s application. (2) The process shall include an opportunity to be heard and to present information and arguments, separation of functions (i.e., a decision by a person not involved with the initial decision to deny eligibility), and written.

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Senate Bill Requires Response to Short Sale Request within 75 Days Posted on February 20, 2012 by marshfieldmatters By Andrew Scoggin February 20, 2012 HousingWire.com A new Senate bill aims to speed up the short-sale process by requiring mortgage lenders or servicers to respond within a mandated timeline or face potential fines.

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