Short sales may become shorter.

I never hold my breath when it comes to new short sale legislation, it was announced today that 5 of our biggest financial institutions have agreed to some new conditions for short sales.

 

http://www.housingwire.com/article/ag-settlement-starts-clock-short-sale

Here are some of the new requirements for servicers under Attorneys General foreclosure settlement

:

Servicers must provide borrowers with a decision within 30 days after receiving a short sale package

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