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Honestly, Is There Any Chance In Hell This Short Sale Will Close On Time?
What are my chances of getting this short sale closed by September 30, 2008?
 I have read many articles lately that talk about how the banks are playing hard ball and taking  90 days or longer to approve offers on short sale homes. A great example was written  by Mark Organek, When Banks Play Hard Ball on a Short Sale, Should we Play? he wrote:"We know how stoooopid loss mitigation departments can get.  They take forever to make black and white decisions, they answer the phone when they want to, they put us on hold while they play Freecell or Solitaire on their computers pretending to be looking up our file, etc."
 I also just finished reading: Oh, That Wild and Woolly World of REO': You Never Know What Will Happen!, written by Elizabeth Weintraub. She says in her post" "I don't understand how they can withstand the pressure and wackiness of waiting for an answer to their purchase offer. In some ways, sending offers for bank-owned homes to listing agents is like dumping them into the great abyss."
These are just two great examples from members here at ActiveRain that wrote about how frustrating it is can be when dealing with banks and short sale ... more

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