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whats your thought on Short Sales?

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DUCKS2001
Then there was 2

Member since 3/06

5696 total posts

Name:
Christine

whats your thought on Short Sales?

How long do they take?

Posted 4/17/08 9:31 AM
 
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CaMacho
Sisters :)

Member since 7/06

15112 total posts

Name:
Jess

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!

Posted 4/17/08 12:06 PM
 

ohbaby08
Winter is Coming

Member since 10/07

1718 total posts

Name:

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.

Posted 4/17/08 12:42 PM
 

JessInCA
live laugh love

Member since 8/06

5082 total posts

Name:
Jess

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.

Posted 4/17/08 1:00 PM
 

DUCKS2001
Then there was 2

Member since 3/06

5696 total posts

Name:
Christine

Re: whats your thought on Short Sales?

thanks ladies

Posted 4/17/08 4:44 PM
 

rkoenke
my little piggys

Member since 3/08

4315 total posts

Name:
rachel

Re: whats your thought on Short Sales?

what an oxymoron! Short sales take a long time? what the heck?

Posted 4/17/08 7:16 PM
 

Disneygirl
Disney cruise bound!

Member since 5/05

8126 total posts

Name:
D

Re: whats your thought on Short Sales?

Posted by rkoenke

what an oxymoron! Short sales take a long time? what the heck?



Chat Icon I was just thinking the same thing! Kind of like jumbo shrimp.

Posted 4/17/08 9:40 PM
 

BaroqueMama
Chase is one!

Member since 5/05

27530 total posts

Name:
me

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.

Posted 4/17/08 10:24 PM
 

SweetCin
My green-eyed boy

Member since 5/05

13499 total posts

Name:
Cin

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.

Posted 4/18/08 8:27 AM
 

kns10-20
LIF Adult

Member since 8/07

996 total posts

Name:
Kath

Re: whats your thought on Short Sales?

Posted by rkoenke

what an oxymoron! Short sales take a long time? what the heck?


Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon

Posted 4/21/08 1:38 AM
 
 

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