Tag Archives: Short Sale Process

Seventy-seven percent of real estate professionals report that closing short sale transactions is “difficult” or “extremely difficult” — up from 70 percent in December 2010, according to a survey conducted in June by the California Association of REALTORS®. The survey gauged real estate professionals’ experience and satisfaction with lenders over transactions. Real estate professionals also reported that lenders’ and servicers’ short-sale procedures have shown little improvement in the past six months. “Despite promises by lenders to improve their short-sale processes, clearly, they are not doing enough,” C.A.R. President Beth L. […]