Bank Short Sale Policy? ROFL!

BANKS REALLY CARE ABOUT YOU!  

WHAT?  THEY REALLY DO!

BANK SHORT SALE POLICY?  NOT!
""Market Value" is a perfect example of the lack of order... and one of the wild aspects of the short sale process. There's no set percentage of market value a bank is willing to accept. Each property, location, bank, and negotiator combination is different; and when you add in investors and Private Mortgage Insurance carriers to the mix,  you have even more chaos to consider."  (excerpted from a Trulia newsletter article, by by Sarah Stelmok)

And this is just the tip of the Titanic sinking sized iceberg.  In the background, I want you to imagine the words and melody of, "Nobody Knows The Trouble I See..."  We here in Flagler County, Florida are awash in a sea of short sales.  You'd think that by now, after five full years of dealing with this beast, the banks would have the deal down.  If you live in Palm Coast, Flagler Beach, or Bunnell (Zip Codes 32137, 32164, 32136, 32110), chances are good that there's a short sale on the market on your street.  Whether you're in the Western County, Seminole Woods, or Hammock Beach - it doesn't matter.  No economic sector is immune, as we have $45,000 short sales and $1,500,000 short sales.  

Here's my beef:  It doesn't matter if it's Wells Fargo, Bank of America, Sun Trust, etc.  There is no discernible policy...  EACH DEAL IS DIFFERENT.  Honestly, it seems as if they make it up as they go.  I will say that the smaller and more local the bank is - the better their policy!  When (and "if") they ever get it together, the short sale disaster will be over in less than two years.