STILL HUNTING FOR THOSE BARGAIN HOME SALES?
WHAT YOU SHOULD KNOW IF YOU ARE INTERESTED IN BUYING A SHORT SALE
Short Sales can take between 60 and 120 days or longer for lender approval and your offer is placed in a stack of other offers which may or may not be presented to the bank. Note that in most cases, the bank will accept the highest and best offer, so make sure you understand the particular nature in which your offer will be handled, have the appropriate contingency placed in the contract so you can back out if you feel it is taking too long, and discuss with your real estate professional, what the right course of action would be in your best interest depending on the type of financing you are achieving. This will make it a win-win for everyone. For a more information on short sales, send me an email at Dawnmarie@kw.com.
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