Realtor says banks slow with loan modifications, short sales - Pasadena Star-News

Local Realtor James Joseph says banks have made things difficult for a housing market in desperate need of traction. They're angering Realtors and borrowers because a lot of first-time buyers don't have pristine credit. They're coming out of the worst recession since the Great Depression. You wouldn't do this at Chipotle or PetSmart, but banks do this and that's why people are upset - particularly when taxpayers kept them afloat. If we are unable to do that, then we turn our efforts to how we can help them avoid foreclosure. About 85 percent, or 608,325, were done through the company's own programs. Marty Rodriguez, owner of Century 21 Marty Rodriguez in Glendora, said banks are overwhelmed by the number of short sales that come in and can't handle the load. Realtors