Denver Short Sales: Proposed Bill to Speed Up Short Sale Process

There is an interesting bill in the Senate that could dramatically affect Denver Short Sales. It appears 3 Senators in D.C. have proposed a law that would require a response from a lender within 75 days of the lender receiving a Short Sale request.

From DSNews.com:

The legislation, also known as the Prompt Notification of Short Sale Act, will require a written response from a lender no later than 75 days after receipt of the written request from the buyer.

The lender