Be prepared for a lengthy waiting period.
Even if you’re well organized and have all the documents in place, short sales can still be a long process. Waiting for your lender’s review of the short-sale package can take several weeks or even months. The length varies by lender and location, but these benchmarks can put your situation in perspective:
Your real estate professional and attorney, with your authorization, can work with your lender’s loss mitigation department on your behalf to prepare the proper documentation and speed the process along.
When the bank does respond… it can approve the short sale, make a counteroffer, or deny the short sale. The last two actions can lengthen the process or put you back at square one.
Don’t expect a short sale to solve your financial problems.
Here are some post-short sale conditions to keep in mind:
Realtor Magazine | Realtor Mag. Realtor Org. Copy Right 2015| NAR
Buying or selling a home can seem like an overwhelming task. But the right REАLTOR® can make the process easier and more profitable. If you would like to buy or sell real estate, please contact me at 786-357-6449 or send me a message.
Comprar o Vender una Propiedad puede verse como un trabajo abrumador, sin embargo, el Realtor correcto, puede hacer este proceso mucho más fácil y rentable. Si desea comprar o vender una propiedad, Por favor contácteme al 786-57-6449 o simplemente envíeme un mensaje.