Short Sales: How Long Does It Take To Complete Them?

Your bank is not in the real estate business and does not want to own your property

. However, you originally applied to get a mortgage and you must also apply to get out of one--the process requires you to submit documentation just like you did when you bought the property. Failure to comply with your lender's guidelines is a recipe for prolonging the process or getting your short sale application rejected. The best way to speed your path to the finish line is to fulfill all document requirements quickly and completely, price your property competitively, work with experienced people and cooperate with everyone involved in the transaction.

Short Sales: How Long Does It Take To Complete Them?

By: Gerald Lucas

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