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How Long Will A Short Sale Take?

Published March 29, 2011 in Bank America Short Sales - 0 Comments

Sold By Short Sale

If you are thinking about doing a Philadelphia short sale, you may be wondering how long this process will take. I’ll be truthful. There is not a definite response to that inquiry. Nonetheless, i can tell you this. From the first moment that we meet until your short sale is closed, it usually takes five to seven months. Here’s why.

First we have to put your home on the market. We will market your house just like it is a customary sale. We are required by law to reveal that your home is a Philadelphia short sale. Nonetheless, we will still be giving you broad service with stuff like virtual tours, online photographs, online advertising, and direct mail marketing. We do all of these things to get the maximum and best price for your home. We are focused on obtaining the maximum and best price that the market will allow. We treat your Philadelphia home like a conventional sale.

After we get an offer on your house we will submit a folder to the bank which includes an offer and lots of financial details from you. How fast the short sale is closed is dependent upon how fast you can get the financial information to us. We get lots of of these documents upfront but quite a few of these items expire. For illustration, the lender requires your two most recent wage stubs. So, if we begin your short sale in January and complete your Philadelphia short sale in May, we will have to update your salary stubs.

If you would like more information on the subject of Philadelphia short sales, please give us a call or get in touch with us today.

Philadelphia Sold By Short Sale can answer your questions. We are Philadelphia and Wilmington Foreclosure Avoidance and Short Sale Specialists.

Get more help from Philadelphia short sale Realtor, Matt Fetick, at Sold By Short Sale presented by the Premier Short Sale Realtor in Philadelphia and Wilmington

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