With more and more foreclosures on the rise, banks are starting to cross the line with their "potential" new properties.  I am currently working on a short sale in Las Vegas for a client who is unable to make payments.  I've submitted the entire short sale package to the lien holder Aurora Loan Services.  We received the offer and have worked with them every step of the way, providing all necessary documents in order to approve the short sale.   Every time I call, they tell me the same thing over and over "We will review the documentation and will respond within 60-90 days."  Great, I'll keep checking in just to make sure.

     Two weeks go by, and I went to the property to make sure it was still secure and a new mechanical lock box is attached to the door. Hmmmm....that's weird.  When I took the key out of MY lock box, the key didn't work.  HUH??  The bank had apparently used my lock box to key the lock on the door.  The is totally normal with a foreclosure, but this bank has NOT FORECLOSED ON THIS PROPERTY!! Where do these bank get the idea that they can change locks on a property that is not theirs yet?

This is a small reminder to all banks: People are trying to do the right thing by short selling their homes.  We don't want any more foreclosures in our neighborhoods, and we want to work things out with our banks.  But the banks have to help this process!  Get your acts together and streamline this process so we can start to recover from this recession.   Changing locks of people's properties BEFORE YOU OWN IT IS ILLEGAL! Every step of the way, banks are putting up more road blocks.  Please, stop making your own rules.

If you are looking to short sale your home and want more information on the process, please visit my website: Las Vegas Short Sale Connection or give me a call toll free at 1-866-589-1646.

Felipe Crook

Prudential Americana Group Realtors

Las Vegas NV 89117