Short Sale Stalls

The most frustrating part about short sales is that the time isn't short!  For some reason, the lenders stall and stall and stall until the buyer gets tired of waiting OR the value of the home decreases that much more.  One excuse is the quantity of short sales.  It seems there are so many that the lenders don't yet have a system for dealing with the load.  Linda Davis, a REALTOR in Ledyard, Connecticut has a great description of the problem from the real estate agent's perspective.  We're all hoping . . . praying . . . pleading . . . screaming . . . pestering for a decision, but for some reason the answers don't come.  Read Linda's letter to the lender.