If they really want to fund deals like that they need to close quicker than 45 days.

In my region that would be normal or, even, quicker than normal.

Those buildings typically wear the owners out quicker than the bigger "hands off" properties with management in place.

If its a rental you can move it on the back-end probably a lot quicker to an investor than waiting around for a qualified FHA buyer to get a mortgage.Which brings me to my next point.

They are actually getting quicker at issuing approvals in my experience.If you are attempting your first short sale, I suggest you find a SS negotiator who is familiar with the process rather than attempt to do it all yourself.I don't like to do SS anymore these days because of the length of time involved, but that's just my preference.

As a lender, I may ask for personal guarantees (and corporate resolutions, etc.) from all members of an LLC, but that LLC as owner will not "occupy" the property as a residence.

. $400 a month on a house with PITI of 800 is better than $400 a month on a house with PITI of 1000 because if either go vacant for a couple of months, I'll get back to profits quicker on the first than the second.

We just need to figure out a quicker way to get there.Don

I sent her an e-mail saying that it was not a defect, was user caused and asked her what she thought a fair resolution would be.

It would take approx. 2 weeks from start to ready to fund a deal, it can be rushed for quicker needs.