Hi Sandra, First off, happy new year to you and your family! With respect to short sales, I was involved in a short sale in Holbrook where we were in contract in July 2007 and didn't close until February 2008! It was frustrating to say the least. Short sales can get complicated especially if there's more than one bank involved because in most cases the bank holding the second mortgage will get nothing. So there's a lot of negotiation going on. Also, many banks now require that the potential buyers go into full contract with the seller before they'll even consider the offer. If I can assist you in some way or answer any other questions, please feel free to contact me. Again, all the best for a very happy and healthy 2009!
Century 21 Princeton Properties