Lebanon tn buying a short sale from wells fargo only been a week but want to close by mid november any advice?

Shannon
Home Buyer
Lebanon, TN

Answers (3)
Carol McAlister
Agent
Franklin, TN

Shannon,

there is no way to know. These are not for the impatient and not a cake walk by any means. The last one i closed took 5 months.

Thu Oct 8 2009, 14:50
Jeff Launiere,...
Agent
Tampa, FL

Good luck. Unfortunately the chance of that happening is slim to none. Normally Wells Fargo at least in my area requires 30 days just to process the file. At this point they have only put it in their system, but nothing else. This is when we can really start working with them. Generally, two months is about the minimum time needed. The only time you will be able to do that quick is if a buyer had already submitted an offer, the BPO or appraisal had been done and they were ready to accept. Do you know if anything has been submitted previously? Check with your Realtor.

Sincerely,

Jeff Launiere, P.A.
Real Estate Consultant
Keller Williams Realty
813-469-3163 (Direct)
800-622-0886 (Fax)
mailto:Info@SweetHomeTampa.com
http://www.SweetHomeTampa.com
http://www.SweetHomeTampaBlog.com

Professional Designations:
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Thu Oct 8 2009, 13:01
Amber Carrillo
Broker
77056
FIRST ANSWER

Short sales often take longer because of the paperwork and the back and forth that happens between lien holders. Patience and a pushy realtor will go a long way towards getting it done. As long as your realtor stays on top of it there is a possiblity of it getting done.
Good Luck
Saul Carrillo Realtor
It Homes
832-527-2268
seeitsold@gmail.com

Thu Oct 8 2009, 12:55

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