Archive for April, 2012
New Law Requires Lender to Respond to Short Sale Offer
Apr 6th, 2012The Code of Civil Procedure has been amended to require a mortgagee (lender) to respond to a mortgagor’s (borrower) short sale offer within ninety (90) days. Senate Bill 1259 passed both houses on October 26, 2011 and was signed into law by Governor Pat Quinn on January 13, 2012 as Public Act 097-0666. It defines [...]
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