[quote=urbanrealtor]Actually most of the loans I am dealing with are recourse.
The lender just chooses not to follow for the deficiency balance.
[/quote]
And in most of the successful ones I am seeing right now the seller is current with payments or merely delinquent (as opposed to technically in default).
The banks still have the agility of an oil tanker but are actually moving in a way that favors their interests more.
If they (the banks) wanted to truly act in their best interests, they would do prep for a short sale first and then give approvals on offers within a week of offer submission.
