Banks, you would think, have had enough time to figure out how to staff up their short sales divisions to make a transaction go through faster and smoother.  This is not the case.

Buyers and Sellers are still waiting an inordinate amount of time to get the OK to even start their transaction.  The banks still have to find the file underneath the other files when you call.  They are still losing paperwork and you have to send the 50-75 pages via fax again and again. 

You call and speak to someon...
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No, they are are not going away - short sales, that is.  I can remember when the term short sale was not generally known to the public.  It was misunderstood.  Some thought that it meant that the sale would be quick.  They were sadly mistaken.

Short sales, although lenders, banks, and asset management companies have boosted their staffs, are still taking a long time.  The first one that I was involved with took 9 months and more, and then the transaction didn't go through.  Why?  We had a buye...
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