Hi all,
I'm a prospective short sale buyer. Dumb question - but when people are talking the time it takes to close a short sale - are you including weekends as well - or just business days?
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On contract time frames, for example, time for inspections, approvals, deposits. etc., the particular contract will specify if days are in "business" or "calendar" days... Florida, for example, has two main contracts used by the Florida Association of Realtors, one uses business days, one uses calendar days. So, look at your contract.
Usually when we talk about closing a short sale, it's in terms of MONTHS, not DAYS. But if we quote days, it's total number of calendar days. There is no way to determine at the outset how long it's going to take to get an approval.
Thank you!