I am so sick of hearing these stories about short sales and how the banks are refusing to cooperate and how they attempt to cut commissions, and how they drag their feet, how we lose clients over the frustration, how the government has put no enforceable guidelines in place, etc, etc, etc. It's for these very reasons I don't do short sales transactions.
One of my philosophies in life is this: If you can verablize a problem, you should also have a solution, otherwise you're just another complainer. So, here's my solution. Tell me what you think. Since we can't (or shouldn't) refuse to list short sales, since this would only hurt the general public, I think we should outright boycott ANY bank, ANY lender, that refuses to cooperate in short sales within our state. Let the lenders know, they we will not recommend their lending institution to anyone seeking a loan, unless they show greater effort in processing these short sales. I would also write your state representative and let them know what is happening and implore them to draft legislation that requires lenders to operate in good faith and get these properties sold.
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