How long does a short sale take to complete?
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60-90 days on avg to get approval
Too long. Still. It's ridiculous.
total for me was 34 months. Mine was a Bank of America/FHA short sale torture. Once my realtor got a new appraisal after filiing a valuation dispute it took 5 months from purchase agreement to closing. Longer than most but, FHA short sales are a different animal for other short sales.
Do most of your short sale clients really want to sell their homes, or do they do so because of their mortgage situation?
Me personally. Im not a realtor. I sold because of divorce.
Depends on the type of loan and the bank or servicer it is with. There is never a crystal ball to know exactly.
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