Short sales & banks
I just put in an offer on a short sale condo that was accepted by the current owner. (We put in an offer that was $15,000 above asking.) Both parties signed the P&S agreement, and it was submitted to the bank's negotiator today.Â
How long on average does this next process of waiting usually take? Â Are my chances pretty good at getting this condo? I mean, I did offer 15k more than what was asked.
Thank you in advance for any information that you can give me.