Home Buying in Nassau County>Question Details

CG021, Home Owner in Deer Park, NY

How long does it typically take to receive a contract from the seller's attorney? (in a short sale transaction)

Asked by CG021, Deer Park, NY Fri Mar 28, 2014

Facts: written offer was verbally approved, had home inspection done and confirmed commitment to go thru with the transaction with the sellers agent ... waiting on seller's attorney to provide the contract.

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6
Any update? How is your Short Sale going?

Thank you for your valuable time!

Oleg Volfman, CBR, RSSP
Lic. RE Agent, Office Manager
Quick Deal Realty, Inc
Office 516-599-5559
Mobile 917-685-0489
ovolfman@gmail.com
0 votes Thank Flag Link Fri Sep 5, 2014
Typically. There is nothing typical about short sales. They should all be same process, but in your case it has nothing to do with a short sale. It has to do with the seller's agent. They are typically the ones that are in control of the short sale process, the sellers, the seller's attorney and the communication between seller and the bank. If you want to get things done, speak to the seller's agent. If you have an agent of your own, let your agent speak to the seller's agent.

If my response was helpful, consider clicking BEST ANSWER!

Thank you for your valuable time!

Oleg Volfman, CBR, RSSP
Lic. RE Agent, Office Manager
Quick Deal Realty, Inc
http://www.quickdealrealty.com
Office 516-599-5559
Mobile 917-685-0489
ovolfman@gmail.com
0 votes Thank Flag Link Thu Apr 3, 2014
Really depends on the seller's attorney, some are quicker than others; if a delay exists and perhaps to speed things up a bit, you could ask your attorney to contact the other, ask your agent to question the seller regarding the delay...
0 votes Thank Flag Link Sat Mar 29, 2014
Depends on the attorney. From a few hours up to a week is typical.
0 votes Thank Flag Link Sat Mar 29, 2014
Whether or not it is a short sale, should not make any difference whatsoever on the contract.

The attorney I use can get one out the door in under 24 hours. Most of it is boilerplate with the specific and unique details as an addendum.

I have know some attorneys to sit on them for a week or even more.

Ask your Realtor to follow up and make sure another deal is not in the works.
0 votes Thank Flag Link Fri Mar 28, 2014
Typically takes a few days. If a week has passed by and your attorney hasn't received contracts, then you might want to follow up with the Realtor(s) and have your attorney reach out to the buyer's attorney. Good luck! IF MY RESPONSE WAS HELPFUL, CONSIDER CLICKING BEST ANSWER! • Javier Meneses Senior • Loan Officer • NMLS #23130 • STERLING NATIONAL BANK • 290 Broad Hollow Road, Suite 402E • Melville, NY 11747 • jmeneses@snb.com • (516) 606-9648 Cell • (631) 659-2011 Office • (516) 918-5383 Fax
0 votes Thank Flag Link Fri Mar 28, 2014
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