Got a short sale listing, posted on Friday. Saturday, showed it to several prospects. Later in the day, received an all cash offer.
Promptly sent short sale package....
Wham! Chase said they won't look at package until after 7 days of active marketing of the property. I've heard of this requirement imposed by banks for REO listings, but this is the first time I've run into this for a short sale.
Any more banks out there with this rule?
Don't mind so much since other prospective buyers expressed interest....except I don't want the all cash buyer to walk away thinking my sellers are not responsive.....
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