Shane
  • IL
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Short Sale Buyer Process

Started this discussion. Last reply by Phoenix Nest Homes Mar 28. 1 Reply

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

Tags: buyer, sale, short

 

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Phoenix Nest Homes replied to Shane's discussion Short Sale Buyer Process
"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…"
Mar 28
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
Mar 19
Shane is now a member of Short Sale Superstars
Mar 18

Profile Information

First Name
Shane
Last Name
Km
Are you a...
Buyer
State
IL
City
Harwood Heights

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