Banks Try To Simplify Short Sales
So whether you are a short sale negotiator or someone undergoing a short sale, you may realize some of the banks are trying to step up their game. A few banks are trying to “make short sales easier”. When I say make short sales easier, I mean they are trying to lessen their short sale work load. What a few banks have done is put short sale updates online. You litterally go to their website, click short sale update, answer a few security questions and your in! But oh wait…. Oh ya, the updates on the website are weeks old. The short sale information has to be noted a certain way and isn’t updated regularly. What a bust! I guess this does allow hope for the future of short sales. Thanks for reading once again!
- Jeff Buettner
Real Estate Wiz Kid
I would like to talk to a Arizona Realtor about selling my house…
Recent Posts:
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The banks have got to do something to make short sales easier. Something like a time deadline needs to be established. There are short sale deals falling apart everywhere in this country and the banks end up loosing more money in the end.
I agree Dylan. Can you beleive that short sales used to take a week? And I have been lucky enough to have one or two take only 2 weeks!
Jeff,
It’s no wonder the mortgage industry is in such a problem right now. All we need to do is to look at how (horribly) mismanaged the short sale process is with most banks.
I wrote about this on my blog recently.
http://www.salinemichiganrealestate.com/short-sales
I couldn’t agree more!
But to their defense, I think the dramatic and rapid increase in the number of short sales hit them like a brick wall and they haven’t really been able or had time to recover yet.
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