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Paul Raiti, Real Estate Pro in Atlanta, GA

Any one have any experience working a short sale with US Bank? Are the responsive--how long to get approval?

Asked by Paul Raiti, Atlanta, GA Fri Dec 27, 2013

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I have always had good luck with US Bank. The most important thing is to make sure the file is in the right department and on the correct platform. meaning make sure if its a short sale that it is processed as such and not stuck in loan modification
0 votes Thank Flag Link Fri Dec 27, 2013
thanks I appreciate it
Flag Fri Dec 27, 2013
I've never had much luck with any of the big banks. I'm not sure if this one will be different. Either way, good luck to you!
1 vote Thank Flag Link Fri Dec 27, 2013
Getting an answer from any bank takes time and the better the offer with the least contingencies the better, but it will still be a while if yours is the first offer. The only short sales I have done in 2 months or under were ones where a previous buyer backed out tired of waiting for answers and I moved in with a new buyer.
1 vote Thank Flag Link Fri Dec 27, 2013
Unapproved short sale average 3 to 6 months and some banks take longer.
0 votes Thank Flag Link Sat Dec 28, 2013
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