Showing posts with label REO. Show all posts
Showing posts with label REO. Show all posts

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.