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	<title>The Investor Insights &#187; 7 Day Short Sale Approval?</title>
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		<title>7 Day Short Sale Approval?</title>
		<link>http://theinvestorinsights.com/7-day-short-sale-approval/</link>
		<comments>http://theinvestorinsights.com/7-day-short-sale-approval/#comments</comments>
		<pubDate>Wed, 15 Jul 2009 20:32:00 +0000</pubDate>
		<dc:creator>Susan</dc:creator>
				<category><![CDATA[Foreclosures]]></category>
		<category><![CDATA[bank of america]]></category>
		<category><![CDATA[Short Sales]]></category>

		<guid isPermaLink="false">http://theinvestorinsights.com/?p=1134</guid>
		<description><![CDATA[I have to admit that I am not a fan of short sale investing. It takes so long it&#8217;s almost worse than getting a loan approved. But after reading this article in the Washington Post, I  could change my mind&#8230; Already, Bank of America, the country&#8217;s largest mortgage lender, has seen completed short sales jump [...]]]></description>
			<content:encoded><![CDATA[<p>I have to admit that I am not a fan of short sale investing. It takes so long it&#8217;s almost worse than getting a loan approved. <img src='http://theinvestorinsights.com/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /> </p>
<p>But after reading this article in the Washington Post, I  could change my mind&#8230;</p>
<blockquote><p>Already, Bank of America, the country&#8217;s largest mortgage lender, has seen completed short sales jump 50 percent so far this year, said Dave Sunlin, a senior vice president who manages the foreclosure and real estate division. &#8220;We understand this is an opportunity to mitigate our losses, while helping turn around the housing market and help homeowners,&#8221; he said.</p>
<p>Bank of America opened a short-sale call center last year. And the bank hopes to launch a pilot program within 30 days that would shrink to one week the time it takes to have a specific short-sale offer approved, Sunlin said.</p></blockquote>
<p>A short sale approval in 7 days? Now, that would be very cool. Read the whole article at the <a rel="nofollow" target="_blank" href="http://www.washingtonpost.com/wp-dyn/content/article/2009/07/10/AR2009071002115.html?sid=ST2009071003340" target="_blank">Washington Post</a> and if you&#8217;re interested in learning how to do short sales,  the only course I recommend is Nathan and Chris&#8217; course, <a rel="nofollow" target="_blank" href="http://www.shortsalesriches.com/cmd.php?af=943920 ">Short Sales Riches</a>.</p>
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