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Channel: Trulia Voices: Generally, how long does a bank take to respond to a short sale? If they're asking for more documents from
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Answer by Julie Stevenson

I have been involved in a few short sales in the last several months and on average they have taken 8 to 10 weeks. Once the bank does respond, they want to close the deals very quickly. As a buyer, my...

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Answer by Erin Stumpf

Hi Susan, Possibly yes, however it is more likely indicative of an incomplete or outdated file. When banks review short sale files, they usually need all of the following from the seller: -Last 2 years...

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Answer by Sue Archer

Excellent synopsis Erin! If the listing agent has completed the process to where the bank has completed a valuation of the property, (meaning all previous steps were completed), then a response can be...

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Answer by Kevin Farrell

Hello Susan, Has the bank ordered an appraisal or (BPO) Broker Price Opinion yet? This is an easy straight forward question to ask your agent. You may have a little way to go if documents are being...

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Answer by Sue Archer

Excellent synopsis Erin! If the listing agent has completed the process to where the bank has completed a valuation of the property, (meaning all previous steps were completed), then a response can be...

View Article


Answer by Julie Stevenson

I have been involved in a few short sales in the last several months and on average they have taken 8 to 10 weeks. Once the bank does respond, they want to close the deals very quickly. As a buyer, my...

View Article

Answer by Erin Stumpf

Hi Susan, Possibly yes, however it is more likely indicative of an incomplete or outdated file. When banks review short sale files, they usually need all of the following from the seller: -Last 2 years...

View Article

Answer by Sue Archer

Excellent synopsis Erin! If the listing agent has completed the process to where the bank has completed a valuation of the property, (meaning all previous steps were completed), then a response can be...

View Article


Answer by Kevin Farrell

Hello Susan, Has the bank ordered an appraisal or (BPO) Broker Price Opinion yet? This is an easy straight forward question to ask your agent. You may have a little way to go if documents are being...

View Article


Answer by Sue Archer Reynolds

Excellent synopsis Erin! If the listing agent has completed the process to where the bank has completed a valuation of the property, (meaning all previous steps were completed), then a response can be...

View Article

Answer by Julie Stevenson

I have been involved in a few short sales in the last several months and on average they have taken 8 to 10 weeks. Once the bank does respond, they want to close the deals very quickly. As a buyer, my...

View Article

Answer by Julie Stevenson

I have been involved in a few short sales in the last several months and on average they have taken 8 to 10 weeks. Once the bank does respond, they want to close the deals very quickly. As a buyer, my...

View Article

Answer by Julie Stevenson

I have been involved in a few short sales in the last several months and on average they have taken 8 to 10 weeks. Once the bank does respond, they want to close the deals very quickly. As a buyer, my...

View Article


Answer by Erin Stumpf (Attardi)

Hi Susan, Possibly yes, however it is more likely indicative of an incomplete or outdated file. When banks review short sale files, they usually need all of the following from the seller: -Last 2 years...

View Article

Answer by Sue Archer

Excellent synopsis Erin! If the listing agent has completed the process to where the bank has completed a valuation of the property, (meaning all previous steps were completed), then a response can be...

View Article


Answer by kevin farrell

Hello Susan, Has the bank ordered an appraisal or (BPO) Broker Price Opinion yet? This is an easy straight forward question to ask your agent. You may have a little way to go if documents are being...

View Article

Answer by Sue Archer Reynolds

Excellent synopsis Erin! If the listing agent has completed the process to where the bank has completed a valuation of the property, (meaning all previous steps were completed), then a response can be...

View Article


Answer by Julie Stevenson

I have been involved in a few short sales in the last several months and on average they have taken 8 to 10 weeks. Once the bank does respond, they want to close the deals very quickly. As a buyer, my...

View Article

Answer by Erin Stumpf (Attardi)

Hi Susan, Possibly yes, however it is more likely indicative of an incomplete or outdated file. When banks review short sale files, they usually need all of the following from the seller: -Last 2 years...

View Article

Answer by Sue Archer Reynolds

Excellent synopsis Erin! If the listing agent has completed the process to where the bank has completed a valuation of the property, (meaning all previous steps were completed), then a response can be...

View Article
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