News By Tag
News By Place
New Short Sale Rules Used by 5 Largest Mortgage Servicers
According to a REALTOR Mag article, 30 days is key and here are some of the new requirements:
1. Mortgage servicers must provide a decision to borrowers within 30 days after receiving a request for a short sale.
2. They will be required to notify the borrower within 30 days if any documents needed to proceed are missing.
3. Banks will be considered in violation, and will be fined, if they take longer than 30 days for the above.
That’s good news for many people navigating the short sale waters. While not with ALL banks and not applying to ALL aspects of the short sale process, it is a start. This agreement is part of the larger settlement (http://www.housingwire.com/
The See Team is the premiere real estate team in the greater Madison and Middleton Wisconsin area. We have over 60 years of combined experience in real estate, and we know the towns where you want to buy a new home or sell your home: Madison, Middleton, Verona, Sun Prairie, Waunakee, Fitchburg, Spring Green, Oregon, or any other place in South Central Wisconsin.
If you're relocating to the Madison - Middleton Wisconsin area, we'll tell you about our neighborhoods, schools and best places to live. We've lived here all our lives and raise our families here - we'll share with you all we know and make looking for your new home in Dane county a pleasure.
If you're looking for the perfect house, home, condo, town home or land for sale in the Madison / Middleton real estate area, we're your team. We also help clients locate commercial property to rent or own.
SEE the difference.
Relocating to Madison - Middleton, Dane County: