Asked by Jster, Palo Alto, CA • Wed Feb 11, 2009
There are several houses on mlslistings.com now that have been marked as sale pending for quite some time now. I would think that if the buyers were able to secure financing and there were generally no problems with the transaction, then the sale pending phase would be brief. I'm wondering if a lot of these sales are going to fall through, as the banks end up refusing to issue the loans or other issues arise. What is the typical length of the sale pending phase of a transaction?
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