"Sometimes these can take a long time. Generally 3-4 months is a fair estimate. But if you agreed on a counter it should be easy at that point. If they say they are waiting for approval no need to raise offer be patient and follow…"
Shane's Discussions
Short Sale Buyer Process
Started this discussion. Last reply by Phoenix Nest Homes Mar 28, 2022. 1 Reply 0 Likes
Trying to purchase a house on a short sale in Illinois. I'm currently about 5 months in. Can someone please let me know what else I should expect at this point?I know there are 2 lenders that the…Continue
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Shane posted a discussion
Short Sale Buyer Process
Trying to purchase a house on a short sale in Illinois. I'm currently about 5 months in. Can someone please let me know what else I should expect at this point?I know there are 2 lenders that the seller's lawyer was negotiating with because they kept saying that they're waiting on an answer from the 2nd lender: (Fannie Mae and Cenlar).After a couple of months, they came back with a counter that we countered + 5K more.A few weeks after that they requested another pre-approval letter + bank…See More
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- Shane
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- Km
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- IL
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- Harwood Heights
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