Understanding the Real World of Working with Banks and Short Sales

I remember hearing years ago, when on Black Friday, so many Financial Brokers jumped because of frustration caused by the falling market. Now I know how they felt! Dealing with the banks on a property that is upside down and the seller is forced to sell can make any Realtor go bald. I guess it is because they have so many files to deal with but it seems to me, that if they get a better system, they would get a lot more cash in quickly but getting some of their properties closed. Maybe they want the ‘radioactive’ properties on their books so they can take them as a loss, year after year, but we have several buyers waiting and waiting for the banks to finish the paperwork and let them buyer their property. One set of buyers comes to mind. They offered over listing price which was a little over market value anyhow, but they wanted that particular unit. They submitted their offer, with the appropriate short sale paperwork, on March 3^rd, 2010. They are still waiting for Bank of American to send the approval.