Home Buying in South Bend>Question Details

expresspower…, Home Buyer in South Bend, IN

how long would a short sale take with bank of america?

Asked by expresspowerwash2011, South Bend, IN Sat Sep 15, 2012

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depends on the bank If the agent has had training and knows what proceedure and the bank is set up to process your inquirey quickly I have closed one in 30 days I have talked to agents that say they have had sales that took a year after they had a buyer for the back to clear the paper work on the loan.
0 votes Thank Flag Link Sun Sep 16, 2012
It all depends. I list quite a few short sales with BOA and the quickest that I have done is 45 days list to close. I have also waited 60 days for an appraisal update to be ordered and completed so that we could proceed. The level of the negotiator with BOA does not matter. I have found the best turn around time comes from normal negotiators not operations managers.
0 votes Thank Flag Link Sun Sep 16, 2012
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