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Nancy Wesley's Advice

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Nancy Wesley wrote:

I put a bid on a short sale home and i want to know how long is the process im getting angry!

Answer
Short Sales are not for the faint-of-heart, they take time and they take patience.  You and your realtor should discuss the process before you make an offer to be sure that you understand that it can take time.  The typical time frame is 90 days, but it can take much longer. The bank will take whatever time it needs to perform its due diligence.  Buyers are not in a position of strength in short sale situations; you have to understand that you will wait and you must be prepared to do so.  The alternative is buying a property from an owner for perhaps a higher price.
June 15 2012
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