A Buyer's Quick Guide to Short Sales - Part 2

Decide if you have the patience that will be required of you as a buyer in a short sale

-In most situations it will take between 4 weeks to 4 months to get a response from the short sale lender. This time frame can vary dependent on a number of factors that involve the short sale lender(s), type and number of loans involved, loss severity, and the capability of the person negotiating the short sale for the Seller.

-Some deals can be found going the short sale route but be honest with yourself. If you don’t have the patience to work through a 4 week to 4 month time frame a short sale might not be the best fit for you.