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Short Sale Soundoff: Proposed bill to speed up short sale process

Senators Lisa Murkowski (R-Alaska), Scott Brown (R-Massachusetts), and Sherrod Brown (D-Ohio) proposed a bill addressing the issue of short sales timelines on Feb. 17. The legislation, also known as the Prompt Notification of Short Sale Act, will require

Banks Face $17 Billion in Suits Over Foreclosures

WSJ: State attorneys general told five of the nation's largest banks on Tuesday they face a potential liability of at least $17 billion in civil lawsuits if a settlement isn't reached to address improper foreclosure practices, according to people

IRS Eases Rules on Property Liens for Delinquent Taxpayers

LA Times: The Internal Revenue Service says it’s trying to help people who are struggling to pay delinquent tax bills, so it’s reducing the number of property liens and easing rules for small businesses to enter into installment agreements.