Shortening Short Sale Approval

A huge portion of the current real estate market consists of short sale homes. With almost 25% of American borrowers underwater, the number of short sales is at a record high. This creates a huge problem for people trying to buy homes, as well as banks needing to approve short sale transactions. Recently, Bank of America spoke to a group of real estate professionals in Washington DC about what needs to be done to keep down the time it takes for short sale approval. Bank of America has recently Read more [...]