Phil Tesoriero, co-founder of ShortSaleSpeedway was recently interviewed in Real Estate Broker Insider, where he shared his insight and experience in the world of short sales.

Real the full article here.

Here are just a few of those points Phil made:

On whether short sales are here to stay:

"You've got these homeowners with the falling-knife syndrome, where they want to get rid of their home before it falls any further in value."

On wait times for short sales:

"The wait times have become much shorter.  As the short sale process becomes more important to America getting out of this deep, dark crisis we're in, I believe the lenders are going to do even more to accelerate the process."

Read the full article to learn more of what Phil has to say about Bank of America, submitting (and re-submitting paperwork), giving the lender what they want,valid hardships, and involving the sellers in the process.

Special thanks to Real Estate Broker Insider for allowing us to share this valuable information.