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If I am waiting to hear back on a short sale...?
Will the law that went into effect, will it likely speed up the house I am waiting to hear on? It has been 5 weeks since the seller accepted the offer and the paperwork was sent to the bank. I would normally ask my realtor, but he is on his honeymoon so I dint want to bother him until he gets back so...
2 Answers
- LandlordLv 71 decade agoFavorite Answer
Expect it to take at least 6 months. There is no law requiring you to ever hear from the bank at all.
- Genuine GuidanceLv 71 decade ago
In "THEORY" it is supposed to streamline the process of a short sale.. LOL
But, since it is the government behind this, I highly doubt you are going to get a nice straight line from point A to point B.
