Friday, November 7, 2008

Bank Frustration

The banks are the biggest problem in any recovery. It appears now, more than ever they really don't care about the person who needs a "short sale." If there are real estate agents out there having trouble getting through on the phone to these service companies, go to our website and contact us.
Today, we followed up on a foreclosure property we have listed and have a offer for. The authorization and hardship letter from the seller was faxed in August. They told us today that they didn't have this and couldn't move forward until they did. They have had the accepted offer for a week.
It is obvious to us at Century 21 Eudan Realty that the banks may care less now because they are getting bailed out.
The frustration continues.

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