From a buyers perspective it is pretty easy to understand the frustrations of some short sale transactions most notably the extra time it usually takes to get one approved compared to a traditional sale.
As a Realtor who has been successfully completing short sales over the last four years I get to see quite a bit of the inner workings of a short sale transaction.
Agents and brokers performing short sales through Bank of America's Equator system will notice important changes that will affect the initiation of short sale transactions.
The directive also makes eligibility changes to the HAFA program that should increase the number of short sale transactions eligible under the program.