|
|
The banks in this country better wise up. If the short sale process is not streamlined quickly, Realtors that can hang on, waiting months for the banks to get their head out of their butts to make a decision and get a short sale closed, will eventually stop showing short sales. Especially after being tortured for months with no response and then having the buyer walk, have the banks tell us what THEIR policy is in terms of commission. It is becoming a waste of time to sell these properties. The rest of the Realtors that actually need to make a living will get out of the business all together. I also see more real estate brokerages and mortgage companies closing their doors as a result of the banks dragging their heels in the short sale process. The government needs to set some guidelines and make the banks responsible to speed up the short sale process. It is not in anyone’s interest to have the process take as long as it does. The physical work that goes into a file is minimal for a bank. Order a BPO, get the results, set an acceptable price, and let the realtor do their job and pay them a fair wage. Consumers set prices all the time, how long does it take? The entire system is ridiculous. The bank knows how costly it is to foreclose and then take ownership of the house. Why do these pathetic morons keep making Realtors jump through hoops, then delay the process so long, that the buyer gets disgusted and ends up moving on.
Comment Notification
Subscribe to this post's comments using
|
|
|