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Bellevue Short Sales: Why Is The Bank Taking So Long To Accept My Offer?

By
Real Estate Agent with Homes Northwest

Bellevue WA – The Stop Foreclosure Institute recently received a question from Cathy. Here was her question. “I am trying to buy a house that is a short sale. It has been 4 months and we have heard nothing. The agent did mention that they are now on the 2nd negotiator and still haven’t heard from the negotiator. I am getting very frustrated. Is there anything I can do on my end to try to push the process along, or is it all up to the agents? Cathy.”

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Here was our answer to Cathy. Cathy, short sales can take a long time. But, usually the longest they should take is 3-4 months. If the short sale hasn’t been approved by the end of 4 months, then it probably won’t be approved by the end of 12 months. I remember reading an article online about why the short sale process takes 9-12 months. The author just broke each part down and justified why the entire process should take that long. I don’t think the author knew what he was talking about. The Stop Foreclosure Institute has been able to get short sales approved as fast as 1 month. Click here to continue reading.

Roger Stensland
Keller Williams Realty Puget Sound - Maple Valley, WA
Let's Move!

My office partner recently has a short sale with B of A that took 18 months to close.  About the time that the 18-month long ordeal closed, she had another short sale close, with B of A, in about two months.  Some people are sheerly incompetent or just don't care, while at the same institution, there are some great people, efficiently, taking care of business.

Apr 17, 2013 02:31 AM