We put an offer on a house that’s a short sale?
May 15th, 2010The bank has had our offer for 3 weeks and last Thursday it finally got to a bank negotiator, were still waiting for a call and my nerves are shot! How long does it usually take. I thought once it was in the hands of an actual negotiator it would be fast.
The bank did say they would have us closed in time to get the $8000.
Yes I have lost patience but we wont pull out unless we find something better. Right now there isnt anything else for us.
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Posted in Questions & Answers | Comments (6)
May 15th, 2010 at 10:26 pm
It can take from one week to 3 months. Sorry, but you are at there mercy.
May 15th, 2010 at 10:46 pm
Fast, lol…Maybe another 3-4 months if you are lucky and a better offer doesn’t come along.
May 15th, 2010 at 11:28 pm
Short sales can be a nightmare! You can be on the wait for upwards to 90 days. You have to be very patient during this process. Good Luck!
May 15th, 2010 at 11:49 pm
i am 5 3/4 months into a short sale
you need to calm down and change expecations. This is brutal process. If you have lost patient after 3 weeks then you will never make it thru. You will get pissed and pull out at some point.
you will be lucky to close in March.
May 15th, 2010 at 11:54 pm
It could take weeks or even months to get an answer. Unfortunately, that’s the way it is in dealing with short sales. The banks are in no hurry. Good luck!
May 16th, 2010 at 12:31 am
Good Luck. Most SS can take up to or at least 6 months. I have been in one since March!! I have put offers on other houses and left this one as a backup. I just put “upon funds and per inspection” in the offer/contract to cover myself.