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DUCKS2001
Then there was 2
Member since 3/06 5696 total posts
Name:
Christine
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whats your thought on Short Sales?
How long do they take?
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Posted 4/17/08 9:31 AM  |
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Long Island Weddings
Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
CaMacho
Sisters :)
Member since 7/06 15112 total posts
Name:
Jess
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Re: whats your thought on Short Sales?
The bank could take months to get back to you on a short sale. If you put in an offer make sure you really want the house b/c you could be waiting around a long time for an answer!
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| Posted 4/17/08 12:06 PM |
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ohbaby08
Winter is Coming
Member since 10/07 1718 total posts
Name:
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Re: whats your thought on Short Sales?
My BIL just closed on a house that was a short sale. They originally went to contract in October, so the whole process took about 5 or so months and he got the house at a great price.
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| Posted 4/17/08 12:42 PM |
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JessInCA
live laugh love
Member since 8/06 5082 total posts
Name:
Jess
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Re: whats your thought on Short Sales?
From my understanding, they can take a very long time, so they're best for people who are in situations where they don't have to move right away - like a renter who can go month to month while waiting. If you've got a home you need to sell too, it could be difficult because you can't necessarily predict the timing of the sale.
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| Posted 4/17/08 1:00 PM |
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DUCKS2001
Then there was 2
Member since 3/06 5696 total posts
Name:
Christine
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Re: whats your thought on Short Sales?
thanks ladies
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| Posted 4/17/08 4:44 PM |
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rkoenke
my little piggys
Member since 3/08 4315 total posts
Name:
rachel
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Re: whats your thought on Short Sales?
what an oxymoron! Short sales take a long time? what the heck?
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| Posted 4/17/08 7:16 PM |
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Disneygirl
Disney cruise bound!
Member since 5/05 8126 total posts
Name:
D
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Re: whats your thought on Short Sales?
Posted by rkoenke
what an oxymoron! Short sales take a long time? what the heck?
 I was just thinking the same thing! Kind of like jumbo shrimp.
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| Posted 4/17/08 9:40 PM |
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BaroqueMama
Chase is one!
Member since 5/05 27530 total posts
Name:
me
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Re: whats your thought on Short Sales?
In our experience, they were too much of a headache to deal with. We stopped looking at any house that was a short sale after we put in an offer on one and found out that the bank accepts many, many contracts on one house and then plays games with everyone.
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| Posted 4/17/08 10:24 PM |
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SweetCin
My green-eyed boy
Member since 5/05 13499 total posts
Name:
Cin
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Re: whats your thought on Short Sales?
Our friends are selling their house in a short sale & its been dragging on since November & still no closing day in sight.
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| Posted 4/18/08 8:27 AM |
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kns10-20
LIF Adult
Member since 8/07 996 total posts
Name:
Kath
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Re: whats your thought on Short Sales?
Posted by rkoenke
what an oxymoron! Short sales take a long time? what the heck?
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| Posted 4/21/08 1:38 AM |
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