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Can The Length of a Short Sale Vary?
Manage episode 153741291 series 1099829
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Hello, and welcome back! For part four of my short sale series, I answer the question, "How long does it take to complete a short sale?"
Really, the length of a short sale is dependent upon many factors. It depends on your lender, the number of loans, whether there are complicated liens or IRS taxes attached to the property, among many other things. We typically tell our clients the short sale process will take between three and six months. Somewhere in that window, we can take care of about 80%-90% of short sales in that time frame. However, on rarer occasions, we've done short sales that last years, as well as some that are wrapped up in a week's time. In other words, the process varies greatly depending on the particular situation!
If you have any questions about the process, or if you would like real estate assistance of any kind, don't hesitate to reach out to me. I would love to help you out!
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