Back in July, an agent in the Orlando area contacted us to see if we would co-broke a listing with them that was a short sale. All we had to do was place the house in the MLS and put a sign in the yard. We said sure, not a problem. They were going to do all the negotiations with the bank, and all offers went directly to them. Couldn't get any easier than that, huh?
Well we finally got an offer on the house the first week of November. It took the bank until Friday January 19th to let us know that they had accepted the offer. Roughly, 2 and a half months later! The only hitch? The buyers had to be willing to close by the 28th of this month! HOLY CRAP! 10 days?!? Well, luckily the buyers had still moved forward with the loan process as much as they could and then just put things on hold until they heard back on whether or not the bank had accepted the offer, so they are still able to close by the 28th!! YAY!!
The sellers had a first and second mortgage on the house, so it had to go through both of those before we could get an answer.
What has been the longest you have ever had to wait on an answer back from a bank on a short sale?