The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: koan	9/24/2010 8:46:03 PM
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One of the reasons the forclosure rate is going up is because banks are not cooperating on even resonable short sales, though mandated by congress. Months upon months go by and the banks refuse to communicate anything except to ask for more paper after their time is up, upon which they reset the clock by putting the file at the back of the pile. So the banks failure to process short sales forces them into forclosure. I keep thinking surely Obama's people understand this?? Short sales are near impossible to conclude. Few realtors will even take them on any more.

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