Cape Coral Short Sales | Advice for banks
I'm a firm believer in only addressing a problem if you have the solution. The recent blog I wrote about Countrywide short sales sure caused a lot of comments, emails and phone calls. Not to worry, I have a solution. Read the full article about Countrywide Short Sales and the WHY behind this post. Here's what I propose the banks do to collect the most money back on these bad loans: 1) Have an intake department with a checklist of items needed in package (timeframe: same day of receipt) a. Reject all that are missing items - send letter of explanation b. Forward on all complete packages to analysis team 2) Analysis Team - reviews package (timeframe: 2 days of review) a. Verifies hardship b. Verifies value c. …