Home Buying in Chimney Lakes>Question Details

brandiole, Home Buyer in Jacksonville, FL

Currently, how long does an approved and non-approved short sale take to close?

Asked by brandiole, Jacksonville, FL Sat Oct 6, 2012

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This question is about this property: http://www.trulia.com/property/1053098133-8499-Beresford-Ln-…

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While no two transactions are exactly alike, a non-approved short sale can take up to eight month to close. Not only does a short sale require buyers and sellers to reach an agreement, but the banks and mortgage companies that hold the loans. An approved short sale it can take between thirty to sixty days to close.

Best of Luck,

Maria Cipollone

http://www.Flahomespecialist.com
2 votes Thank Flag Link Sat Oct 6, 2012
Thank you both for answering so quickly.
0 votes Thank Flag Link Sat Oct 6, 2012
There is no hard and fast rule regarding approved/non-approved short sale timelines. Every short sale is different due to all of the moving parts - number of liens, seller's financial position, servicer, investor that owns the loan etc.
0 votes Thank Flag Link Sat Oct 6, 2012
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