The answer to this question largely depends upon the work load of the lender's Loss Mitigation Department and the cooperation of the borrower seeking a short sale. Our experience is that short sales can happen as quickly as 60 days or could take as long as 6 months or more. Usually, they are completed within 3 to 4 months. However, should the lender be overloaded with short sale requests, this could extend the time needed to complete the transaction. In addition, should the borrower not provide requested documents in a timely manner or be uncooperative in the procedures of the short sale, this could severely delay if not terminate the short sale.
With that said, we handle only a select number of clients and are looking for individuals that truly want their problem resolved and are willing to assist us as needed. By focusing on clients that want our help, we can maximize the effectiveness of our efforts. Please feel free to contact us for a confidential, no obligation evaluation of your personal situation.
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