What is The Short Sale Process

 

Following is a typical short sale process at the bank:

 

  • Bank acknowledges receipt of the file. This can take 10 days to a month.
  • A negotiator is assigned. This can take 30 to 60 days.
  • A BPO/Appraisal  is ordered. The bank probably will refuse to share the results of the BPO.
  • A second negotiator may be assigned. This can take another 30 days.
  • The file is sent for review or to the investor. This can take 2 weeks to 30 days.
  • The bank may then request that all parties sign an Arm’s-Length Affidavit.
  • The bank issues a short sale approval letter.
  • Go to Closing

CLICK HERE TO START THE PROCESS AND GET AN OFFER

or call 800-404-7184

 

If you want a representative to call you click here.

 

Principal is a professional investor and real estate broker.

 

Capital Home Buyers – 9259 Old Keene Mill Rd, Suite 201 Burke, VA 22015 United States

 

Phone: 800-404-7184 Toll Free: 800-404-7184 FAX: (860) 371-3738