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1st you have to find the property, than you submit an offer as you would on any other property, the seller who is the current owner must sign the offer.
Once the seller signs the offer the process begins, whoever is the negotiator/attorney goes to work with the bank. The negotiator and bank can go back and forth for a couple of months, the fastest I have done was 8 weeks but they can drag on for a while.
Hope this helps if you have more questions feel free to reach out to us at [Website removed by Zillow moderator. Please see our Good Neighbor Policy.]
The process begins like other offers you put an offer in and wait for a response. Depending on if the short sale is approved or not it can take months to get a response. If you need to move quickly and the short sale is not already approved by the bank you will need to move on. The short sale list price if approved by the bank does not allow for much variance in most cases. I hope that was helpful to you.
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