There are no doubt an abundance of obstacles.
Most of the problems we face through the process of short selling your home are directly related to two problems, 1) bank employees following policies and procedures, and 2) work load.
In order to manage any large number of low-wage employees, which is what we’re dealing with, like any other corporation, boiler plate policies and procedures are created and employees are expected simply to regurgitate and follow those policies without thinking for themselves. This causes friction, typically enough to drive the average home owner nuts. It’s simply not worth your time to worry about it. That’s what we do for you…oh, and at no cost, by the way.
Since the dawn of the Short Sale age (It’s still 8:30AM there,) banks have not been prepared to handle the work-load. Servicers are literally stacked to the ceiling with requests for approvals to sell properties for less than they’re worth. Don’t worry, they will do it, as long as the offer meets their policies and procedures *sigh*.