Why are short sales so hard to do?

I got a phone call from a short sale negotiator asking for help. Why are short sales so hard to do, he asked?

The reason is that first, lenders regard loan servicing as a cost center. They don’t staff up to realistic levels needed to do real estate short sales.

Second, lenders don’t want to give investors enough margin. So they will only approve sales that are not far below market. Not enough margin to give real estate short sale investors.

Third, lenders have to get permission from the true owners of the loans, the noteholders. This process takes a lot of time and results in a lot of sales falling through.

If you want to do a short sale, if you want to sell even if you owe more than your property is worth, then please get my special 25 page report.