The reason, as noted by several economists, is the NAR's legal cartel with one of the largest Political Action Committees in the US.

They call themselves the Federal Open Market Committee (FOMC).Hope this helps!

If multi family is not allowed then you will have to go before your neighborhood committee to request a variance.

Tell them you'll take the information back to the owner, committee, accountant, somebody in higher authority. 

You're going to need both an experienced agent who deals with short sales and power of attorney for the son to speak for his father.The bank may decide it's too late and not worth the effort of a short sale but,then again if you are seriously interested in the property and willing to pay enough money to satisfy the loan committee it might be worth all the trouble.

Keep the checklist with the application for at lease 12-18 months.With the FCRA statute of limitations being two years minimum (up to five years), 12-18 months is not enough; 60 months seems like the "safe" number:http://apps.americanbar.org/buslaw/committees/CL98...

This same person is supposedly an "ethics attorney" and not only landed a job in the same city as chair of the planning committee, but was able to lateral to the position of city treasurer before stepping down amid rumors.

How many steps are involved in each component of the loan depends on a myriad of factors such as size of the property, type of lender, type of loan (bridge, mini-perm, perm), if there are loan/credit committees, etc.

I have joined Habitat for Humanity's Family Services Committee but I still have the capacity for more activities.

And, loan approvals are handled by a local committee, which usually includes the banker that you have a relationship with.