That is great news. I am currently working on four short sale and somehow it seams to go much faster than last year. I though it might just be luck but reading your post, MAYBE the banks finally get real.
Bailout, or Stimulus aside, I am noticing a general improveemtn in the success ratios on short sales in the past 60 days.
I was able to close a Short Sale in Bradenton, FL in less than 100 days. This was remarkable not for the length of time to close, but because this seller was CURRENT on the mortage, currently employed, and had considerable savings and assets.
I have now closed three transactions where the sellers were current with their mortgage payments, and employed. I am finding that the hardship requirements have become much more flexible in the past few months.
Anyone else having the same experience?