Dave that was well put. To add a case study for your point, the servicing entity that has been processing the short sale listing for one of my sellers has pretty much simply provided data for the investors. That is, they have provided for thier own appraisal, and analysis of the market conditions. I have been in very close contact with the asset manager and provided him with as much ancillary data as possible to bolster the case for accepting the short sale. He has in fact given a favorable recommendation to the investors but he said ultimately it is up to them to decide. I will know in a few days once they give him the decision.
My point is that your assessment of the role of the servicing entity is right on. (at least IMO)I will say though that it took ALOT of time and energy to get him to complete the process.
