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The short sale process and its' deficiencies.
I totally agree with this post....the banks should give us Realtors approved prices before we put it on the MLS.....I bet this would make short sales go a lot smoother and quicker......and everyone will come out a winner.  I never understood why the bank don’t reveal their BPO! This too good not to share.  This is an article written to the editor of Inman News from a real estate agent from Las Vegas.  His response is on point.  Many folks have opinions on "how" our market is doing, but the truth is, those that are on the front lines have the best reports.  The short sale processis tricky and often mis-aligned with no clear protocol to follow AND each bank follows a different protocol. Buyers are often mis-informed or uneducated about how the process works. Mr. LeVine makes some very good points on how this could be changed.
A big thanks for Jack LeVine and his thoughts.  Will we change? Here is the full article:
Short-sale agents, buyers get short end of stick Letter to the Editor By Inman NewsInman NewsTM Re: 'Rising rents and the real estate recovery' May 25 Dear Editor: There's one BIG change that would make the recovery faster, smoother and ... more

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