C.A.R. places open letter ad in top California newspapers, calls for short sale reform

LOS ANGELES, CA – March 10, 2011 – (RealEstateRama) — In an effort to bring attention to the broken and ineffective short sale process and galvanize industry leaders to help resolve the issue, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today has placed an open letter advertisement in California’s seven largest daily newspapers, calling on lenders and industry regulators to streamline and improve the short sale process.