In a short sale:
The longer the banks take, the sellers are less inclined to subject themselves to the stress.
The longer the banks take, the buyers are less inclined to subject themselves to the uncertainty.
The longer the banks take, the Realtors are less inclined to subject themselves to the wasteful runaround.
The longer the banks take, the buyer's loan officer is less inclined to subject themselves to the frustration.
Mother nature, however, doesn't mind. She continues to work on these houses day and night.
The short sale lenders, the servicers, the mortgage insurance companies and the investors who own the loans haggle with Realtors over "policy", "ratios", "investor guidelines" and "fair market value" determined by appraisers who are often directed by the lender to ignore relevant comparables and ignore vital statistics such as long days on market.
While the banks reject offers, the houses are deteriorating, often by tens of thousands of dollars, or more.
Bankers: Will you please let us help you?
We can help you avoid owning all this mold, algea, rust and wood rot.
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