That's not how long it will take to close the deal; only the timeline in which a lender is supposed to respond to there being a short sale on the table. The lender must respond to their client, or the seller; not the buyer. Having said that, the seller's Realtor will assuredly notify the buyer's Realtor as soon as the lender responds.
We will she how the program works, it just started 4/5/10. Like everything, there is a lot of miss information out there.
First Weber Group
Certified Distressed Property Expert
I am about to try out the new system this week with Chase Bank. Let's see how it goes.... Wish me luck!
Since I have been successfully closing short sales since 2005 (long before most people even knew what they were) anything has to be better than it's been for the past few years.
Good question. I wish you luck on your home search! :)