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IT'S OFFICIAL. THE FASTEST AND THE SLOWEST SHORT SALE LENDERS - YOUR MILEAGE MAY VARY.

Reblogger
Real Estate Agent with Serving the Greater Phoenix and Scottsdale Metropolitan Area BR534744000 & BR540649000

 

Original content by Lenn Harley 303829;0225082372

JUST IN FROM THE VIRGINIA ASSOCIATION OF REALTORSLenn

Source?  HousingWire magazine 

The Quickest:  GMAC with an averge of 6 months to approve.

The next Fastest:  CitiMorrgage with an average of 7.5 months to approve.

The next-next Fastest:  Wells Fargo with an average of 8 months to approve.

LAST PLACE (SLOWEST) goes to Countywide (Bank of America) with an averge of 13 months to approve.

 

ANY SURPRISES???

HA!

 

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.


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About the Authors - Updated 2018

If you are considering a Traditional or Short Sale of your home in Phoenix, Scottsdale or any location in Maricopa County Arizona, you owe it to yourself to talk with Haven Express @ Keller Williams Arizona Realty to determine whether Tony and Suzanne Marriott are the best real estate Brokers in the Phoenix and Scottsdale metropolitan area to help you with the Successful Sale of your home.

Tony and Suzanne have personally Listed, Sold and Closed more than a hundred Short Sales with the highest list to close rate in the Phoenix Metro Area!

Tony Marriott - Chief Executive Officer - Haven Express @ Keller Williams Arizona Realty

Suzanne Marriott - Chief Learning Officer - Haven Express @ Keller Williams Arizona Realty

Associate Brokers, REALTORS
Haven Express
Keller Williams Arizona Realty

Comments (1)

Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Sounds like these stats are "old news".  The vast majority of our Short Sales are completed within 6 months - GMAC taking 2 months for the approval process - B of A now at 3-4 months.

Aug 22, 2010 07:15 AM