Lenders should revamp their short sale process...
I think if lenders put into place a systematic process to work with short sales, they could decrease the time processing, save themselves and everyone else money. Since short sales are part of our current market and probably in our future for awhile they should be adddressed as if a permanent transcation. It should be a standardized procedure everyone follows. I think, if the govt wants to help....this area needs to be addressed, may have a better rate of return. I find the lenders are in a flux trying to figure out who does what and when...easier to let go to foreclosure...and thats not necessarily what they want, just the best of options available to them at this time.
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