Lender enlightenment

A recent report came out of the Office of Thrift Supervision and the Office of the Comptroller of the Currency, according to Bloomberg.

It said short sales tripled to 40,000 the first six months of this year compared to last year, the report said.

It appears the lenders are starting to grasp the concept of short selling as opposed to foreclosing.

The process has been a long learning curve for lenders, and the short sale procedures in many cases are still taking months and months.

We may yet get out of the woods as everyone learns we need to clean up the distress home mess before we can move forward.

Greg Owens P.A.
Realtor
Keller Williams On The water
941.932.6343
greg@teamworksfla.com
www.teamworksfla.com