Prashant Pat…, Home Seller in Port Charlotte, FL

How soon could this home be closed on and moved in to?

Asked by Prashant Patel, Port Charlotte, FL Sun Oct 26, 2008

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Scott Godzyk, Agent, Manchester, NH
Sun Oct 26, 2008
Short sales can take 3 to 6 months to hear from the bank. 9 out of 10 never close so this is a tough road at best. you need to ask a coupel questions up front to know if you should even attempt it. ask how far along they are. is the seller qualified to do a short sale financially? and has the bank done the appraisal yet to jnow what they will or will not take? those are 3 months worth of chores in most cases.
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Shannon Moore…, Agent, Port Charlotte, FL
Sun Oct 26, 2008
As many of the other Realtors have answered, short sales are usually not a short process. Often times they can take over 90 days to even get an answer back from the bank. It really depends on what bank you are dealing with. We are expierence in dealing with short sales. Foreclosures are usually a quicker process though.

There is a lot of information about the area on my website if you'd like to check it out and we'd be happy to assist you with any property you may find.

Roxanne Moore, Realtor
Re/Max Anchor Realty
Port Charlotte, FL
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Erica Muller, Agent, Winter Garden, FL
Sun Oct 26, 2008
This property is a short sale which means that it can be anywhere from 45 days on up for a closing. 45 days on the low end and 90-120 days on the high end. I would be happy to set up a showing or send you a list of other properties like this one in the same neighborhood.

Erica Muller
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Karen Willia…, Agent, Englewood, CO
Sun Oct 26, 2008
Closing time will depent on financing or cash offer. Cash would be 2 weeks and financing should close in 45 days.
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Brooke 'The…, Agent, Camp Hill, PA
Sun Oct 26, 2008
Almost all short sales need a Prelim-HUD or settlement sheet in order for the bank rep to get WRITTEN agreement. This means you will need: financing, appraisal, title work completed, insurance coverage and perhaps a few other items BEFOREHAND.
Although if you call the lisitng agent directly you may be able to secure the 'total picture' on the status and proceedure - especially if the agent is experienced with the bank holding the note on this property.
The short answer would be as soon as two weeks. Hope this helps...
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