Tag Archives: NAR Backs Deadline for Subordinate Lien Short-Sale Decisions

A proposed bill may soon help speed up the approval process for home owners selling their home through short sale by requiring subordinate lien holders to review and respond to short-sale requests within 45 days. The legislation, “The Fast Help for Homeowners Act,” was offered in Congress today by U.S. Rep. Jerry McNerney (D-Calif.) and is strongly supported by the National Association of REALTORS®. “As the leading advocate for homeownership, REALTORS® know that issues and delays with secondary lien holder remain an obstacle to streamlining the short sale process,” said […]