With One-Third Of Montgomery County Homeowners Underwater On Their Mortgages, Brown Unveils Plan To Improve The Housing Market By Addressing “Short Sale” Transactions In Dayton

DAYTON, OH – March 15, 2013 – (RealEstateRama) — With one-third of Montgomery County homeowners underwater on their mortgages, U.S. Sen. Sherrod Brown (D-OH) unveiled a plan that would improve the housing market by addressing “short sale” home sales. 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. Brown will outline how the Prompt Notification of Short Sale Act would improve the process for both sellers and buyers involved in “short sale” transactions and bolster the housing market and our economic