Tomorrow, C.A.R. is placing an open letter advertisement in California’s seven largest daily newspapers, calling on lenders and industry regulators to streamline and improve the short sale process. C.A.R. is taking a leadership role in this effort by getting this letter published and pointing out lenders’ and servicers’ unworkable short sale processes. They will also be appealing to various constituencies, such as regulators, elected officials, nonprofits, business organizations, companies, and individuals to join the fight, so that more families are able to arrange a short sale, rather than lose their homes.
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