Can you blame them for making sure the buyers credit and assets have been checked out by someone they trust?
Oh, NOW they start to worry about that. They should have done that 2 years ago 🙂
I see nothing unusual in this. They may be able to make a few more bucks on a particular house by being more accommodating. But, consider the whole picture. They are trying to minimize their losses by getting the properties off their books as quickly as possible. Eliminating one of the primary causes of having buyers fall out of escrow (the loan) is a smart business decision.
Also, look on the bright side. These extra hoops may act to further reduce the buyer pool. This allows those buying foreclosures to negotiate slightly better deals.
