With the Financial Institutions heading into the abyss you`d expect by now a possible streamlining of clearing the books with Bank Owned Property.
Many lenders have thousands of "offers" sitting in piles waiting to be reviewed. The amount of time is astounding and in many cases these "offers" sit idle for an average of 5 weeks.
At this juncture you`d like to believe these lenders would desperately learn to be attentive to the public and begin to ease the "Housing Crunch",by working with interested parties who wish to purchase a home.
After all isn`t the media crying about "Jump Starting the Economy" again!?
Maybe it`s me, the lenders sit on homes for months at a time paying for the "Up Keep",redoing kitchens in hopes they might be able to squeeze a few extra dollars from the consumers,why?
The streets are paved with "Bank Owned" property throughout Florida. These homes are awaiting new homeowners and often Realtors have become quite discouraged to deal with these institutions knowing that many times their offers will be:
1- Lost
2- Rejected
3- Countered with a ridiculously higher price.
Within the next year something has to give or we will not recognize our own country or our economy!