Jenelle Ferrer

Jenelle Ferrer
Your Realtor

Monday, July 25, 2011

Short Sales, Long Waits

USA Today came out with an article today that describes the exact frustration so many buyer's have experienced and Realtors avoid.

While a great deal is to be had with Short Sale pricing, it's sometimes not even worth the frustration and hassle of the process.

Many buyers are willing to wait out the process for a bargain, but it doesn't guarantee a closing. Why? Because the bank ultimately decides. If they can't clear a title or decide they're losing to much, they can back out according to the contract at any time.

I've seen closings anywhere from 4 months to 11 months.

Read the article here!

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