[tevake]

The short sale process is FUBAR as for as I am concerned. We lost out on a deal last year for a condo here on Kauai. Our all cash offer lost out to a lower offer that I think was financed. Turns out that when it was re-listed after falling out on a previous deal that the bank took 6mos to decide on. By the time they decided the buyer had moved on.
Then they re-listed it as for sale. We saw it the second day of that listing, made a cash offer the next day for asking plus cash to the seller for furniture that we didn't want. Only to find out that they had a back up offer from the previous deal that they went with.
I guess with out even looking at our offer. No wonder the banks get into trouble, and this is playing out all over the country. Imagine their losses. I think there is government subsidy for these losses. Why bother working for the best deal if the money is going to come in anyway?

Cheers Richard