Why do over 60% of the short sales don't close! It's the bank stupid! Why does it take 3-6 months to get a short sale approved? Why don' they make the approvals generic as to price and conditions? This way when the buyer who was waiting around for six months is gone, you can place someone right in his place and get the transaction closed! Where is the government in all of this? Why don't we go back to the old days of the Federal "Resolution Trust Corporation" and clear this backlog out in a couple of years, instead of dragging it on for the next 5-7 years? Why?
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