Wow, that's a tough question. With the first time homebuyer's tax credit deadline just a little over two months away that is the $8000 question. And it is, of course, impossible to answer.
Every case is different, and while it may be possible to get the deal closed by the deadline, there are no guarantees in the world of short sales. We have closed some with local banks in just over a month, but this is a large institutional lender that would require approval from the investor. It could happen, it really could, but I still cannot answer that question less than truthfully.
My answer was that I would make this deal my top priority, and that I would do everything I could to make it happen. Beyond that, it is out of my control.
I sure would like to give it a go and see what happens!
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