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Updated about 5 years ago on . Most recent reply

Nick Scapellati's profile image
Nick Scapellati's profile image
Nick Scapellati
  • Lender
  • from St Augustine, FL
  • Member since Aug 31, 2019
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Nick Scapellati's profile image
Nick Scapellati's profile image
Nick Scapellati
  • Lender
  • from St Augustine, FL
  • Member since Aug 31, 2019
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Nick Scapellati
  • Lender
  • St Augustine, FL
12
Votes |
58
Posts
Foreclosures

How long do banks take on short sales?

Nick Scapellati
  • Lender
  • St Augustine, FL
Posted

Hey all. I have made an offer on my first short sale and was curious as to how long does it take to receive a decision from the bank. If any of my fellow BP peeps have bought a short sale I would love to know your timeline.

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    Minna Reid's profile image
    Minna Reid's profile image
    Minna Reid
    • Real Estate Broker
    • from Jacksonville FL & Middletown CT
    • Member since Jan 16, 2008
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    Minna Reid's profile image
    Minna Reid's profile image
    Minna Reid
    • Real Estate Broker
    • from Jacksonville FL & Middletown CT
    • Member since Jan 16, 2008
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    Minna Reid
    • Real Estate Broker
    • Jacksonville FL & Middletown CT
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    Minna Reid
    • Real Estate Broker
    • Jacksonville FL & Middletown CT
    Replied

    It could be a couple days...to a couple years lol. I wish I was joking. On average though a properly worked short sale should take about 2-4 months from contract to close. 

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