I hear you SD Realtor. I don’t think that lenders can do much to prevent listings that don’t have their approval. Afterall, the borrowers still own the houses until foreclosure day.
Could be that would-be-sellers are listing low short sale prices as a way to pressure the lenders into dealing. That’s an interesting concept as those short sellers may create comp killers that drive down the prices in the neighborhood. But what do they care since they are under water already? A legitimate seller in a neighborhood with several attempted short sales will be caught in difficult position.
