SellingNorthernNV

In February 2008, the Short Sales Work Group (established by NAR) met to put together a report which addressed Realtor’s concerns about Short Sales. The work group submitted its report in May 2008.

The following recommendations were included in the report:

- To get a commitment by lenders to make it easy for sellers and agents to locate online the correct department and individuals who will be handling the short sale.
- To create an industry-wide short sale application and list of required documents that all lenders and servicers would accept.
- To ensure that the listing agent and seller are regularly informed on the status of the short sale application.
- A commitment by lenders and servicers to deliver clear answers, in writing (yes or no), and within a reasonable time frame.

Should you have any questions or need further information,
please don’t hesitate to contact me, (775) 220-1630
Or visit my blog at www.SellingNorthernNV.com

Joshua Talayka
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521

Tags: NAR, short sale, work group

This entry was posted by Josh Talayka on Tuesday, June 2nd, 2009 at 9:44 am and is filed under Short Sale & Foreclosures. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.