Hi Dan,
Actually Short Sales have been around for a long time, they just haven't been in the mainstream until recently. I am part of a team that has only done short sales for about 25 years. To answer your question there is no set time. A lot depends on how the banks negotiator handles the Short Sale Package. Some are very cooperative and some are not. I have had some settle in 60 days and I had one get stretched out 6 months. Typically you can count on about 90 days as typical time period. This is with a short sale experienced agent negotiating with the bank. If the agent is not then it is a roll of the dice how things will go. - Thu Jun 18 2009, 18:45