Monday, July 25, 2011
Short Sales, Long Waits
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!