How long do short sales take to get approved… I meal like, REALLY take? | Plainfield IL Homes for Sale
By Julie Ferenzi, Julie Ferenzi
(john greene Realtor)
Now that the home buyer credit has expired for qualified buyers, those that missed out on the opportunity to get the credit will now be looking to save some money on the purchase of their new home. Short sales were overlooked during the frenzy to purchase a property before the credit expired because of the length of time it took to get them approved, but they are now back in the game. But exactly how long do short sales to get approved? Knowing that I wasn't going to get an easy answer, I decided the most objective way to get the info that I wanted was to analyze the data from the last 30 days. I found a lot of similarities among the listings, and a few surprises too. Among the variables in the world of short sales, the lender and the person behind the short sale makes all the differenc...