One of the most common questions I get is "How long does a short sale take?"  Most of the time they are referring to how long it takes the bank to respond to an offer. Buyers seem to forget that even after the bank accepts the offer they still have to follow the normal closing process of title searches and so forth.

The answer to the question depends on the bank handling the short sale and if there is a second mortgage. Many times the second mortgage holder is neglected by inexperienced short sale agents and comes back to bite them in the end. I'll share how to deal with a second mortgage holder in a later blog.  

These averages are based on deals that have been approved in the past 90 days. The bank with the fastest approval is Ocwen with an average of 30.7 days. The longest bank to get an approval from is Litton at 94 days.

If you need more information on short sales or need to list your home for sale please visit my Naples Florida Short Sales website by clicking the link. I have a national network of experienced short sale professionals who can assist you.

Your Naples Florida Short Sales Expert,

Benjamin Sovacool

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 Tags: naples florida short sales, Naples Florida Short Sales expert, benjamin sovacool

Article's Author

Benjamin Sovacool
Taylor Donovan Realty, Inc.
Naples, FL

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