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Updated over 7 years ago on . Most recent reply

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Tuan Dang
  • Spring, TX
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36
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How long for BOA to approve initial short sale paper work?

Tuan Dang
  • Spring, TX
Posted

Long story short. I was in the process of buying a short sale. The agent was being greedy and never showed the seller my offer to buy at asking price because he was looking for his own buyer. Seller found out and fired the agent(not really sure how she did). Now she says she has to resubmit the short sale paper work to bank of america. Anyone know the time frame on approval for this so it can return to the market?

Most Popular Reply

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,409
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17,587
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Unfortunately the tale you have been told is not likely the whole truth.  Pretty much all short sales do not allow the agents to double end the deal.  So it is extremely unlikely the first agent did what was relayed to you.

As for the length of time, it could be anywhere from immediate to over a year, or might not get approved at all.

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