Short Sale Home » Short Sale Buyers » Short Sale Timeline

Short Sales can taken an awful long time to complete, making it frustrating for both the buyer and seller involved in the situation.  Many sellers and buyers of short sales want to know, the timeline to complete the short sale process.

Not all banks or lenders are equal, some are much quicker than others but on average the time the offer is sent from the listing agent to the bank, Realtors can expect to hear backbetween 45 to 90 days to respond.

When an offer is sent on a short sale home, make sure the listing agent sends all the required documents.  Many of the banks have an overwhelming amount of short sale requests to process and do not have the employee power to quickly process each and every one of them.  If the short sale package is not put together correctly, it will only delay the process that much more.  There are asome great short sale deals on the marketplace but be clear to yourself that they can take a long time to process and a short sale buyer must need an open ended timeframe to get the home, in the majority of cases.

Tags: banks, realtors, short sale, timeline