Comments on: Freddie and Fannie Start Trying to Streamline Short Sales http://www.buildrealestateresults.com/blog/freddie-and-fannie-start-trying-to-streamline-short-sales.html by Kathleen Allardyce from BuildRealEstateResults.com Sat, 04 Feb 2012 22:08:11 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Doug http://www.buildrealestateresults.com/blog/freddie-and-fannie-start-trying-to-streamline-short-sales.html/comment-page-1#comment-25184 Doug Wed, 19 Nov 2008 03:16:28 +0000 http://www.buildrealestateresults.com/blog/freddie-and-fannie-start-trying-to-streamline-short-sales.html#comment-25184 I used to be pretty excited about short sales, but my attitude is changing rapidly...The way in which short sales are being handled these days clearly reflect the instability of the market. I used to be pretty excited about short sales, but my attitude is changing rapidly…The way in which short sales are being handled these days clearly reflect the instability of the market.

]]> By: Kathleen http://www.buildrealestateresults.com/blog/freddie-and-fannie-start-trying-to-streamline-short-sales.html/comment-page-1#comment-23654 Kathleen Fri, 13 Jun 2008 20:23:38 +0000 http://www.buildrealestateresults.com/blog/freddie-and-fannie-start-trying-to-streamline-short-sales.html#comment-23654 It is a frustrating thing. I also read another opinion that if all agents stopped doing short sales, that would force the power brokers to find another way to handle foreclosures. I think we're all in agreement that something needs to change! It is a frustrating thing. I also read another opinion that if all agents stopped doing short sales, that would force the power brokers to find another way to handle foreclosures. I think we’re all in agreement that something needs to change!

]]> By: Tremblant Land http://www.buildrealestateresults.com/blog/freddie-and-fannie-start-trying-to-streamline-short-sales.html/comment-page-1#comment-23653 Tremblant Land Fri, 13 Jun 2008 20:11:10 +0000 http://www.buildrealestateresults.com/blog/freddie-and-fannie-start-trying-to-streamline-short-sales.html#comment-23653 wouldnt it be smart if the powers that be maybe bailed out the people who bought these homes instead of just the creditors. if the people who are in trouble received the ability to pay off these massive debts then the creditors would be happy, there would be more money that could be then re-invested into the economy and things would essentially stabilize. wouldnt it be smart if the powers that be maybe bailed out the people who bought these homes instead of just the creditors. if the people who are in trouble received the ability to pay off these massive debts then the creditors would be happy, there would be more money that could be then re-invested into the economy and things would essentially stabilize.

]]> By: Kathleen http://www.buildrealestateresults.com/blog/freddie-and-fannie-start-trying-to-streamline-short-sales.html/comment-page-1#comment-23467 Kathleen Fri, 23 May 2008 03:12:22 +0000 http://www.buildrealestateresults.com/blog/freddie-and-fannie-start-trying-to-streamline-short-sales.html#comment-23467 Ah, yes, the pain of it all. I guess that's what happens when everyone is handling more short sales than they ever dreamed possible! Hopefully the powers that be will figure out ways to streamline the process. But, even though it would be in their best interest, too, I doubt that will happen. Hang in there and best of luck! Ah, yes, the pain of it all. I guess that’s what happens when everyone is handling more short sales than they ever dreamed possible!

Hopefully the powers that be will figure out ways to streamline the process. But, even though it would be in their best interest, too, I doubt that will happen.

Hang in there and best of luck!

]]> By: victor jordan http://www.buildrealestateresults.com/blog/freddie-and-fannie-start-trying-to-streamline-short-sales.html/comment-page-1#comment-23466 victor jordan Fri, 23 May 2008 01:21:26 +0000 http://www.buildrealestateresults.com/blog/freddie-and-fannie-start-trying-to-streamline-short-sales.html#comment-23466 Great summary of the frustrating short sale process. It's not the number of short sales that are hurting the process the most it is the number of people the banks are using to streamline the process. I bought my house on a short sale 4 years ago and got an answer within 2-3 weeks. Part of the success was that the file went directly to a lost mitigation department. Now offers go from a general fax (2-4 days) into a short sale processors desk (1-2 weeks), to a negotiator (2-4 weeks), a bpo takes 1-2 weeks to process for these companies and then Freddie Mac and Fannie Mae have to weigh in (3-6 weeks). I have 26 short sales in process in Jacksonville, Fl. and have never spent so many frustrating hours with non-concerned "bank representatives" in my life! It makes REO look like hog heaven! Great summary of the frustrating short sale process. It’s not the number of short sales that are hurting the process the most it is the number of people the banks are using to streamline the process. I bought my house on a short sale 4 years ago and got an answer within 2-3 weeks. Part of the success was that the file went directly to a lost mitigation department. Now offers go from a general fax (2-4 days) into a short sale processors desk (1-2 weeks), to a negotiator (2-4 weeks), a bpo takes 1-2 weeks to process for these companies and then Freddie Mac and Fannie Mae have to weigh in (3-6 weeks). I have 26 short sales in process in Jacksonville, Fl. and have never spent so many frustrating hours with non-concerned “bank representatives” in my life! It makes REO look like hog heaven!

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