How Long Does a Short Sale Take?

A short sale transaction is dependent on the lender and each lender has their own processing times. Lender policy regarding short sales can have a major impact on the estimated time frame to acquire final lender approval. Other items that will effect the time frame include 2nd lien holders, private mortgage insurance companies, foreclosure proceedings, and tax or other liens associated with the loan.

A typical short sale transaction is likely to take 30 to 90 days, but can exceed this time frame if additional conditions apply.

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About Toni Hedstrom

I am one half of Hedstrom & Stamm Home Solutions, a dynamic real estate team with emphasis on home marketing utilizing our exclusive Home Ready Program.