Here's an interesting article that was recently in the Washington Post.
For far too many homeowners, help still not on the way. by Robert McCartney
When I read this article, I thought of short sale buyers who wait months and get very little information from lenders trying to decide whether to approve the short sale or not. Over the past 6-1/2 months, one lender has assigned four different negotiators to a short sale file while the property owners and my very qualified buyers wait for approval.
Would it help if there were guidelines specifying a minimum number of employees necessary to address a specific number of distressed property files? Would this improve efficiency and increase the number of short sale contracts that go to settlement? (Only 25% of all short sale contracts go to settlement.)