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Updated over 3 years ago on . Most recent reply

Shane Km's profile image
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Shane Km
  • Member since Jan 28, 2022

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Shane Km's profile image
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Shane Km
  • Member since Jan 28, 2022
Shane Km
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Foreclosures

Short Sale Counter Wait Time

Shane Km
Posted

Trying to buy a short sale house. The seller has an attorney taking care of that process. After about 2 months the bank came back with a counter offer. We agreed to their counter + 5K more. Two days later they sent us 'arm-length' affidavit and the sellers to sign.


Does this mean the lender is about to accepted our offer? How much longer will it take at this point? (on average, I Know each case is different)

Thanks

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Minna Reid's profile image
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Minna Reid
  • Real Estate Broker
  • from Jacksonville FL & Middletown CT
  • Member since Jan 16, 2008

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Minna Reid's profile image
Minna Reid's profile image
Minna Reid
  • Real Estate Broker
  • from Jacksonville FL & Middletown CT
  • Member since Jan 16, 2008
Minna Reid
  • Real Estate Broker
  • Jacksonville FL & Middletown CT
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Minna Reid
  • Real Estate Broker
  • Jacksonville FL & Middletown CT
Replied

Yes that is normal. They want everything dated within the last 30 days usually. If this was all after counter acceptance, you're almost there.

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