I put in an offer on a short sale property on 03/26/09. How long will it take to hear from Countrywide?

Tara
Home Buyer
Shoreview, MN

I put in an offer on a short sale property on 03/26/09. How long will it take to hear from Countrywide regarding our offer. The house has been on the market since 06/2008! Wouldn't they try to rush it and get rid of the house?

Answers (4)
Brad Anderson R...
Agent
Maple Grove, MN

It can take anywhere from 2-6 weeks to get the response from Countrywide. Be patient, and talk to your Realtor as often as you need to. Thanks.

Fri Apr 3 2009, 14:47
Charlie Walberg
Agent
55025

Hi Tara,
All banks pretty much take their own time to get back to offers regardless of how motivated they may be. Remember, they have thousands of homes in foreclosure and short sale, and when you respond, you're in the que behind all the other offers. When your file pops up as the next to handle, that's when they get to it. It's frustrating I know, but having handled many I can tell you that's the way it works. Just be patient or cancel the offer and move on. Those are really your options.
Best regards,
Charlie

Fri Apr 3 2009, 14:46
Alina Vizenor
Agent
Twin Cities Amf, MN

Tara, probably about 6 months. Just kidding (kind of.)

Seriously, they can be a bit difficult to work with. I tell my clients 2 weeks to 3 months. The listing agent (if they have worked with countrywide before) should be able to give you a rough estimate. Of course that is just an estimate. I hope it works out. Sometimes the wait can be well worth it! Good Luck!

Fri Apr 3 2009, 14:43
Jason Sandquist
Agent
Minneapolis, MN
FIRST ANSWER

not Countrywide, they work on their own terms

Fri Apr 3 2009, 14:36

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