I think the banks have to start thinking about their Short Sale Departmets.
In the real estate market ther is a rule that says " the first offer, allways is the best one" They take long time to process the short sale aplication packages and the clients get tires waiting to their answer and sometimes they walk away and when the bank come back wiht their counter offer and we don't have the client anymore.
Then we have to start showing the property and when we have another client, they take the same time to give us an answer.
Sometimes the houses are vacant, vandalizes or destroys by the water or something else, then the house goes to sheriff sale and it is sale for a peny or the sellers file bankrupcy and the banks have to continue to pay taxes and insurance on the property for 2,3 and more years.
Is not more simple to work more quicly and fast given an answer and there they will save more and more money in every deal?