Comments on: Banks Giving More Lip Service to Distressed Owners

By: Larry McGee

Larry McGee — Mon, 16 Feb 2009 19:58:03 +0000

Well written post on the subject. I forwarded your post and Kristal’s to the local media and asked them to pursue this issue. I will push a couple of them that I know. The only way to fix this is to focus media and political attention on the issue.

By: Marlene Scheffer

Marlene Scheffer — Mon, 16 Feb 2009 05:03:26 +0000

One of the first things the banks should consider is making access to the negotiators in the short sale departments much easier, as you said. How about posting their email addresses on a website, or at least provide it to owners and agents who are trying to work out a deal? And quit changing negotiators every other week! Perhaps the banks could even post their initial consideration packages online somewhere. Just a thought…

By: Ryan Hukill

Ryan Hukill — Mon, 16 Feb 2009 03:16:08 +0000

I couldn’t possibly have said it better myself, although I’ve said it many many times. The process is not only broken, it’s been smashed into oblivion. It doesn’t work, and simplifying the process in the ways you’ve stated above would not only help, it would actually make buying a pre-foreclosure home attractive to the average buyer, who now is just not able to wait weeks for a simple yes or no.

There really is NO reason for the process to be run the way it is currently, and the only logic I can place on it is that these banks literally have NO interest in fixing the problem (foreclosures) that they continue to point the finger at, as the cause of their ails.

By: Kristal Kraft

Kristal Kraft — Mon, 16 Feb 2009 02:45:15 +0000

Colleen ~ You are echoing the sentiments of a nation full of Realtors. We need to be able to deliver good advice to the consumer. Hemming and hawing about the process and lack of efficiency leaves the consumer feeling less and less confident. As for us, well we can only do so much to help, we need to work together to make this situation go away soon.

It effects everyone.

By: Lakefront foreclosures | Lakefront Houses

Lakefront foreclosures | Lakefront Houses — Sun, 15 Feb 2009 22:37:01 +0000

[...] Banks Giving More Lip Service to Distressed Owners | Northwest …Technorati Tags: financing,short sales,foreclosures In a recent article by Mark Calvey of the San Francisco Business Times, a Wells Fargo spokesman is quoted. read more… [...]

By: Lakefront homes | Lake House

Lakefront homes | Lake House — Sun, 15 Feb 2009 22:31:45 +0000

[...] Banks Giving More Lip Service to Distressed Owners | Northwest …It won’t help those who have lost their jobs, need to leave the area or owe 25% more than their home is worth. Why is this so hard for Banks to understand? If they were really fully committed, they would restructure … read more… [...]