Have short sale approval times gotten better b/c of HAFA?

Have short sale approval times gotten better b/c of HAFA?

Real Estate Investor · Flushing, NY · Member since 2010 · 77 posts · 20 votes

BP Community:
I was on an investor call yesterday and was informed that because of HAFA the banks have gotten a lot faster on the approval times. I wanted to ask the short sale investors and negotiators what they've been experiencing in terms of short sale approval timeframes lately?

Now if the approvals are coming out a lot faster then that throws off the timing to find an end buyer so how have short sale investors been able to adjust to this whole new set of timing when working with the banks?

David H.

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  • Real Estate Investor · Bradenton, FL · Member since 2009 · 99 posts · 42 votes
    16y

    That's very anecdotal. I have heard nothing of the sort from everyone I have been speaking with. All signs point to flop, in my book.

  • Residential Real Estate Broker · Payson, AZ · Member since 2009 · 3k+ posts · 1k+ votes
    16y

    Hopefully they're not too long. My previous negotiator never got me an approval letter in 8 months so I don't have any experience with HAFA.

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