Tuesday, January 5, 2010

Short Sales

Mt. Ranch Charm
Originally uploaded by JimHildreth
The Florida Supreme Court just passed a law that all homes facing foreclosure must be available to mediate first. One of the reason was the lack of communications by banks to the consumer.

As a California Broker, I see months pass before any communications by the staff handling "Short Sales"

It should be common courtesy to acknowlege a file and give reasonable update's to a Broker representing the "short Sale" process.

The lack of communication is real and from the real estate brokerage community who supports lenders, improvements in communications is a reasonable request.

Months of non-commuications is not acceptable.