Orlando HB

The number of questions is not going to get you approved any faster! As I stated to you previously, have realistic expectations and get a very Experienced Realtor on your side and I might add, on the list side as well.

If you have time, patience and money you can get a great price on a short sale product. My last advise to you is to align yourself with a Realtor that you can trust. If you have one, Great! Trust in that Realtor, speak with him/her about your concerns and you should have a successful end result. Communication is key with all parties involved but no one can perform miracles. Best of Luck to you and I hope we have helped you here on Trulia, but you should try to address these issues with your agent or the list agent.

Gay Middleton
Realtor*Moving You in the Right Direction
gaymiddleton@orlandohomeresales.com

Please call me at 407 445 7060 so i can walk you through the process.

OHB:

It will all depend on which company the sellers agent is using to process the short sale, and how aggressive they are. Dealing with 2 banks makes it twice as difficult. I just heard of one in a similar situation that took 9 months...but it did close.

Hope for the best.

Tony.Vega

I just posted a blog about Orlando real estate sales trends, and one of the figures I was looking at involved the closed ratio for short sales. There are 3,743 short sales pending right now, but only 339 or just over 9% closed last month. I would say looking at this and the experiences I have had thus far, you are looking at six to seven months for approval. That is just an average, some move faster than others. If the second is an equity line, you will probably not get an approval at all. There are so many factors involved in each transaction, it is impossible to tell you for sure. Best of luck.