Are Short Sales Getting Easier?

With the inventory of available homes increasingly restricted to short-sales, at least one bank is ramping up to push short-sales through more quickly.  That can only be good for the legions of frustrated buyers who seem to be spending months waiting for short-sale bank approval after a seller has accepted their offer.  

Commenting at an REO Expo in Dallas this past week, Matt Vernon of BofA said ""We're going to do everything possible to liquidate property prior to foreclosure.  "REO will still be available, but we will do everything we can to do short sales." 

Last November, the Treasury Department established the Home Affordable Foreclosure Alternatives Program (HAFA) to assist those unable to qualify for loan modifications.  Hopefully it will prove to be more successful.

So what's with the photo?  It came in one of those joke emails, and I saved it just because it made me laugh.