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Banks, Short Sales and Loan Modifications

By
Real Estate Agent with Mizner Grande Realty - Boca Raton, Florida Waterfront Expert

The way the banks are currently handling short sales and loan modifications definitely needs much improvement. Many times when dealing with these issues you can't help but feel you are talking to people not qualified to do their job. These huge institutions are just not dedicating enough resources to these departments which is strange since these departments are either making them alot of money or losing them alot of money.

With all the people out of work you would think that they would have no trouble finding qualified people or maybe they just haven't figured out how much money they are losing everyday from poor decision making. Then again didn't alot of the banks just get a big bailout?

Comments (2)

Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

It is true that the banks need to improve it just takes too long to put one of these short sales together.

Dec 11, 2009 12:24 AM
Anne Hensel
South Beaches Real Estate Professionals - Saint Petersburg, FL
Realtor - Broker - St. Pete Beach, Treasure Island

Oh Please. It is insane what banks do nowadays and if you ask me I can not see any logic whatsoever. I have more insane stories than I ever want to tell.

Dec 11, 2009 12:26 AM