Real estate blog entries tagged with how are the banks ranking on short sales by Meyling Calero (RMG Realty Group)

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Home : Blogs : Meyling Calero : Real Estate Talk with Mey : Tag "how are the banks ranking on short sales"

how are the banks ranking on short sales: How are the Banks ranking on Short Sales - 07/15/10 10:54 PM

The question I get every day "How long will it take to have my short sale approved?" Here is current information to help answer that question. As noted in Distress Property Institute's Blog, how are the banks doing with regards to approving the short sales and their timelines....
Prime: 1. GMAC - 6 months 2. Citigroup's servicing arm CitiMortgage - about 7.5 months 3. Wells Fargo - roughly 8 months (Countrywide - now owned by Bank of America - had the slowest short sale timeline at an average of more than 13 months)
Subprime: 1. Wells Fargo - more than 15 … (3 comments)

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Meyling Calero

Miami, FL

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