Can anyone tell me why the banks take so long to approve a Short Sale? I know the standard response....well we have to do this and that and it just takes so long....I do not buy it!
I have talked to a handful of asset managers during my SS Transactions. They all seem to have 350+ cases on their desks to sell. Holy Cow!
This is not a new phenomena. You would think that the banks would create a specific department that would be properly staffed to handle the caseload. Some are outsourcing. But jeesh!
I have written letters to everyone I can. With the same question, "Why?" What does it hurt by handling these transactions in a timely manner? Some slip into foreclosure during the whole process. Hmmmmmm.....how does that benefit the Customer? Not trying to be negative. Not meaning to complain. But can anyone offer me a piece of advice as to the reasoning here? Is there anyone else I can contact outside of the obvious Realtor Reps and Government leaders. They have no answer for me. Just the generic, "Mrs. Clem that is a very good question." Then I get a polite form letter thanking me for my time and that they are looking into the question. Then they remind me to vote. How tacky. That's just my opinion though.
Thank you!
Comments(5)