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Zach Hawrot
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Short Sale Offer Taking Forever

Zach Hawrot
Posted Sep 6 2019, 11:22

Over 60 days ago we placed a low bid on a house being sold as a short sale. The buyer immediately accepted. Now we just needed the bank to approve and the house was ours. Since this is a loss to the bank, they are taking their time, especially because the offer was under 10k. We've reached out to the realtor many times to speed up the process but each time he says they are still working on it. 

We also know that no one else has offered on the property so it's not a bidding war. 
Is this standard for a short sale? Does anyone have any means to speed up the process? 

The slow process doesn't affect our business. And all things considered, if we get it at this offer it's a heck of a deal. We would just like to speed it up one way or another but haven't been able to do it. 

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