How long does it usually take for a short sale to go through?
August 14th, 2009
How long does it usually take for a short sale to go through once the seller has accepted my offer?
I don’t need an exact time-frame just an approximation of an average short sale. As of today it has been 78 days and we have not heard anything from the lender at all?
We know that the offer is not lost, nor have they accepted another as the seller’s agent just talked to the bank this morning. We are just waiting for the lender to get a move on this.
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that is bad news if you have heard nothing. they can at least let you know if BPO or appraisals have been ordered. you have to rely on listing agent to keep you informed.
90-120 days would be normal.