House hasnt gone into shortsale yet?

The people haven't payed for a few months and are leaving at the end of the week. If they are willing to submit my shortsale offer to their bank, how long until I may find out if it is approved or not? Thank you.

2 Answers

  • LILL
    Lv 7
    8 years ago
    Favorite Answer

    3-12 months....depending on the sellers lender.

  • 8 years ago

    Short sales are anything but short. A normal closing is 2 months. Short sales with a 3rd party (bank) is 6 months to 1 year.

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