So slow recently due to-
Have heard on 2 cable news channels that President Obama will annouce "major housing initiative" at State of Union. Rumored to be billions in fees to major banks and billions in principle reductions, relief from bank liabilities, new short sale intiatives perhaps, etc.
Apparently many of the incentives to banks re short sales expired at the end of the year and many banks are not moving on short sales until the new incentives are announced as well as, as we all know not moving on REO's until they are promised immunity from legal actions re robo signing etc...any one else heard anything?