Home Buying in Owatonna>Question Details

Nedkelly, Home Buyer in Owatonna, MN

How long to buy a short sale house, with cash?

Asked by Nedkelly, Owatonna, MN Wed Mar 9, 2011

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Same as without cash....................
0 votes Thank Flag Link Wed Mar 9, 2011
This depends heavily on the bank and what has already been done by the listing agent when you make the offer. The fact that it is cash will not make the bank jump, they go at their own pace regardless. Once you have short sale approval to sell, then cash can make things go faster to close.
0 votes Thank Flag Link Wed Mar 9, 2011
Once the contract which has been signed by the buyer and seller has been sent to the lender for approval, you're looking at 2-6 months at least and if at all.
Patience is the key.
Web Reference: http://www.321property.com
0 votes Thank Flag Link Wed Mar 9, 2011
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