WDTN: Senator Brown in Dayton to unveil short sale legislation

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WDTN: Senator Brown in Dayton to unveil short sale legislation

U.S. Sen. Sherrod Brown (D-OH) was at the headquarters of the Dayton Area Board of Realtors Friday to unveil a plan that he said would improve the housing market by addressing “short sale” home sales.

Brown’s Prompt Notification of Short Sale Act is bipartisan legislation that addresses the lengthy closing process that often comes with a short sale.

Short sales are real estate transactions that must be approved by the bank because the seller owes more on their mortgage than the proposed sale price.

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