Pura's Blog

Wow, I am really energized about how banks are changing their stripes when it comes to short sales.  With the financial sector of the market being savaged and investors bailing, lenders have awakened from their self-induced stupor and have come to the realization that they must 'play nice.'

The personnel in the loss mitigation and dispute resolution departments have become much more receptive to making deals happen.  There are now systems in place to make sense of the madness. This is absolutely good news.  Instead of adversarial posturing, there is a new wave of inviting, friendly and helpful dialogue occurring. 

If you have put an offer on a short sale or contemplating in doing so, sunny days could be ahead for you.  Obviously, lenders are not gifting houses.  But...put in a reasonable offer and you might be pleasantly surprised with an acceptance and faster turnaround.

I guess there is a silver lining to every black cloud.