Short Sales

Many homeowners continue to be discouraged with the banks not approving their short sales quick enough. It is costing the sellers and realtors buyers on the properties for sale. Buyers exhaust their waiting efforts to get a deal on a home. The banks are paperworking the sellers to death and once that is all in and updated, the buyer walks. It is quite a discouraging time for our sellers. One main culprit in the "slow" process is Bank of America. So if you have a loan with them beware of the time frame being anywhere from 3 to 6 months. It is a gruelling one to wait. Hopefully they will put some systems in place soon that will move these files along alot quicker. As you and I know.. our real estate market in Florida cannot even begin to recover until these short sales on the market are approved and closed. To eliminate the short sales in our marketplace, this will move our economy towards a recovery that is truly needed in Florida. Let's get people back to work so they can support their families. Realtors struggle through this market too, the wait process on short sales means no income for the local realtor either. We don't need the government to help us recover. We need the banks to get off their butts, put some viable workable systems in place and shove these files out to the closing table. Until that happens, Florida will continue to be in a slump market overall. Let's shoot for recovery here in Florida, so we can all get back to work and be happy once again. Regards, Cindy Adkins, realtor.