Leo's Blog

The RE market is getting better. The foreclosures and short sales are slowly selling. I say slowly because of the antiquated banking system. You would think with the advent of computers they would be able to send information back and forth within a building so everyone would know what was happening with one account. Not so with one particular bank. It takes seven to ten days for that to happen. Can you imaging with any change or addition vis fax or email it adding seven to ten days more in delays. No wonder a short sale is considered fast if it closes in 90 days. On the other hand it takes 90 days to find out the bank will not approve the offer. It's a racket that can't sustain itself. The banks will not be bailed out again.

Good selling