IT'S OFFICIAL. THE FASTEST AND THE SLOWEST SHORT SALE LENDERS - YOUR MILEAGE MAY VARY.
Housing Wire Magazine published the results of "Short Sale Approval Times" and it seems like they range from 6 months (GMAC) to 13 months (Bank of America / Countrywide).
If you're looking for a home in Roseville, California in the $200k price range that can close quickly (without having to deal with a bank), please visit our property websites:
JUST IN FROM THE VIRGINIA ASSOCIATION OF REALTORS
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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