On Thursday, March 10, C.A.R. is running an open letter in several newspapers statewide, addressing the numerous challenges associated with short sales.
The open letter addresses the following topics: The benefits of doing a short sale rather than a foreclosure; the inconsistencies with short sale processes at banks; the challenges of working with multiple lien holders; and the slow and/or nonexistent communication by banks and servicers to REALTORS®, homeowners, and buyers.
The letter closes by calling on regulators, elected officials, nonprofits, business organizations, companies, and individuals with a stake in California’s economic future to resolve the short sale issue and other issues that get in the way of an economic and housing recovery.
------------
Read the entire Letter here !
**********************************
like buttons
Replies