The bill by Sen. Dean Heller, R-Nev., would require banks to acknowledge a homeowner’s short sale request within 30 days, and to issue a decision within 60 days. Homeowners could be awarded $1,000 if a lender misses the deadlines. In Southern Nevada, homeowners generally wait two months or more for a response to a short sale offer, and sometimes much longer.
Often much longer even in Northern Nevada.