Chase Bank Incompetent? Or, Deliberately Stalling Housing Recovery?

You’ve seen the massive ad campaign played out on television’s everywhere in California for Chase Bank? "We all shine on" , the John Lennon song plays in the background while a surfer paddle outs to the surf? Not sure who’s suppose to be "shining on", but it sure isn’t Chase Bank.

If you know anything about Chase Bank’s short sales practices then you know that Chase Bank, with all our TARP money (25 Billion), is understaffed and not able to handle the volume of short sales they have.

If you make an offer on one of their short sales properties, your lucky if you hear back from Chase Bank in a couple of months. And, then it can be weeks/ months before you know if your offer is accepted or rejected ?

Everything about Chase’s methodology is counter productive...

Also, Chase doesn’t always accept these offers, that then go to foreclosure and then the bank sells the property for less then if they had sold the property when it was a short sale???

According to a national Title Company(approximately) only about 50% of short sales ever sell. Why would anyone make an offer on a short sale with those odds?

Why doesn’t Chase Bank have the staff to handle their huge inventory of short sales? There are huge numbers of trained professionals (mortgage brokers, financial experts that recently lost their jobs) that could step in quickly and help? Why aren’t they hiring and training? Even if these jobs are temporary, there is a very talented pool of people that could step in and help.

If Chase Bank was more efficient in their handling of short sales, more homes would be selling sooner than later, and the housing market could recover sooner.  Why is the TARP money being spent by the large banks on acquiring smaller banks, and massive ad campaigns when they should be hiring people to take care of the business they don't seem to be able to handle?

Is Chase Bank incompetent? Or, are the banks deliberately stalling the Housing recovery?  Where's the Government oversight?