I met with maybe 14 of our realtors in Rhode Island a couple of months ago. Every single one of them had the experience of a short-sale agreement with the bank pending, and in the middle of it, another part of the bank whacked them with a foreclosure notice, blew up the short sale, and it ended up going into foreclosure inventory for way less than the short sale that the bank had itself agreed to. I mean, it is nutty out there.
Discussing the chaotic foreclosure process affecting real estate transactions.
Share
More from Sheldon Whitehouse
We need more clarity on that, and when we have more clarity on that they’ll be back-and-forth to try to resolve those issues.
I would say I was an early believer in Josh’s race. I served in the Senate with Tom Harkin. I know what Iowa can deliver because I saw Tom Harkin in action.
Most of the dealbreaker humps we’re over, but now it’s refining the language, taking raw agreements into legislative texts and figuring out what schedule for voting succeeds.
Other voices in this conversation
