New Short Sale News

[Caleb Whitney]

I was talking with a buddy of mine today. He is a broker out of Las Vegas and he has tie-in with upper management BOA lost mitigation. He has informed me via his contact that the reason why banks are making is so difficult to get short sales complete or at the very least why it's very difficult is because the government is pressuring them to NOT do short sales right now. Apparently the government didn’t realize just how expensive the $8k tax credits where going to cost. Of course this is just hearsay, nothing that I can personal confirm. I thought it was interesting none-the-less.