NAR Meets with Major Lenders on Short Sales and REO Disposition

The National Association of Realtors (NAR) is holding meetings with the nation’s four largest lenders to address growing concerns about their processes for short sales and selling REO homes.

The trade group’s leadership team has already met with representatives from Bank of America and Wells Fargo to discuss, as NAR put it, “the problems Realtors face every day when working to get deals to the closing table.” Meetings are scheduled later this year with Chase Home Mortgage and CitiMortgage.

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