A borrower claimed his servicer violated RESPA by failing to timely evaluate his short-sale application and loss mitigation request regarding his Washington home.
RESPA Section 1024.41 limits a mortgage servicer’s ability to conduct a foreclosure sale if a borrower submits a complete application more than 37 days before a foreclosure sale.
However, the servicer argued the regulation does not concern short sales. Read on for the judge’s reasoning on why the plaintiff may have a case.
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