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The madness of March is not always linked to the NCAA Basketball tournament of win and you get to play "One more night", www.en.wikipedia.org/wiki/One_More_Night_(Phil_Collins_song) or to "Bewaring the Ides of March"http://www.en.wikipedia.org/wiki?Ides_of_March or that Spring will appear soon, or are the Boys of Summer really losing their long held national spotlight to other team sports. Sometimes madness spills over into the local real estate market and nobody has the correct formula(s) to relieve the "Mad Hatters", http://www.en.wikipedia.org/wiki/Mad_hatters_disease. If you have been involved in a short sale of real estate here in Lee County, Florida recently, either from a selling, buying, realtor, title company, lender, or other vendor(s) standpoint, then you may have some idea of what I mean. Although it may be a little bit short of James Donald, playing Major Clipton in 1957's "The Bridge on the River Kwai", www.en.wikipedia.org/wiki/Bridge_on_the_River_Kwai, where his last words were"Madness....Madness", the process here does require quick access to Excedrin.
The United States Treasury Department did announce new guidelines in November may help soften the use of pain relievers, and take effect in April this year. In order for a bank to participate in a Federal program (HAFA), which is Home Affordable Foreclosure Alternatives, and be eligble for bonus money in closing short sales, the banks need an effective short sale plan, and to follow it expeditiously.
One can only hope our Lee County, Florida real estate short sale MADNESS, will dwindle away :)
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