Noble Estates, Clifton VA short sale specialist from Dan and Traci & Consultants with Keller Williams Realty answers the short sale common question “How long does a short sale take?” This is a general overview of the time line to get a short sale approved – some short sales are approved quicker. It all depends on who the lender is! There are some great short sale deals on the Noble Estates, Clifton VA real estate market, but be clear to yourself that they can take a long time to process and a short sale buyer must need an open ended time frame to get the home, in the majority of cases.
A short sale is for a type of sale on real estate, usually a home that is for less than what the real estate is mortgaged for with the lien holder. Most people assume short sale means the amount of time it takes to sell and approve the home. However, this is not the case. Short sale means the seller is asking the mortgage lender to take less money for the property than they have it mortgaged for and the lender would agree to this most times only to avoid foreclosure. Stop foreclosure in Noble Estates, Clifton VA!
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