Who is controlling this rediculous market...I say lender's (banks), what say you.

It IS REDICULOUS, the amount of SHORT SALES, the amount of FORECLOSURES which resulted in  foreclosure only DUE TO THE FACT THAT THE OWNER COULDN'T GET A RESPONSE FROM THEIR LENDER!

This is so rediculous. I mean, we as REALTORS(R) are shoving money at bank's trying (with the approval of the owner's) to try an help out the seller, trying to help out the lender...and to no avail...there is NO ANSWER...EVEN AFTER MONTH'S!

The economy is bad but there are people with cash, people with good credit scores trying to help these people in a short sale situation out...trying to buy them out so they don't end up in a short sale gone bad to foreclosure situation.

I MEAN, IF IT GET'S TO A FORECLOSURE...IT'S ON YOUR CREDIT REPORT FOR 10 YEARS! TEN YEAR'S I SAY!

That's terrible.

There are so many people out there who, yes I have to say, trying to get a good deal, but also, trying to help these people out pre-foreclosure.

The bank's/lender's are not cooperating, they do not meet enough during the month to approve the enormous amount of them, and this is rediculous.  Adjust your schedule, work with the buyers.  I mean, how much is it changing your lending rate with Fannie or Freddie, to not get rid of some of these bad loans?

I would think the lender's would work with due diligence to get rid of as many bad loans with good, or close to what the seller owe's offer's as possible...

Why are they?

Anyone KNOW?

http://www.karenmonsour.com, cell 954-464-4194