Oops, apologies for mistaking this for the REO on Hawley… SD Realtor, thanks for clearing this up.

That said, if what you’ve said about lender lack-of-help in pricing short sales is true (and I do not doubt it), then the process is indeed a mess. Lenders should expect more initiatives like the one the Governor is pushing (I do not know much detail, and cannot judge it yet) unless they get ahead of the foreclosure curve at some point and try to help failing borrowers towards the path that makes the most sense for each: deed-in-lieu, short sale, refi, rate reduction, or foreclosure. The fact that things seem on auto-pilot to FC is what makes people push for gov’t action.