“A-la the Dodd $300B FHA bill, they probably are. “Forcing” the lenders to take a 10% haircut, with the government backing the rest, is a much sweeter deal than directly facing the realities of the market.”
A very important point… I have been really wondering about that as well. I have another short sale that I submitted for a client several weeks ago. The home has been on the market a long time and there is absolutely no reason why this should not be accepted. The lender is REALLY REALLY dragging thier feet and my buyer is about to walk. It is INCREDIBLY frustrating…
