All Forum Posts by: Stacey B.

the bank didnt accept the offer.. they gave the realtor the price to make it work.. so now I'm wondering how long will that take

Well funds have been shown.. its a cash sale. 

i put in an offer for a short sale that was declined. the bank told the realtor what price they needed to make it work. So i put in the offer with that price. Those who knows about short sales, does they have to go through all the stages the first paperwork went through or is this process quicker to get a ya or na answer? One more thing since they told us a price that would work for them does that mean it should be approved?  thanks for your time in answering this.. iam racking my brain with this short sale. its my first house and it been a 2 1/2 month deal already..

does it mean that things are moving to approval when the bank asks for another hud 1 sheet?

well iam the buyer of the short sale. I havent got an ya r na if my offer been approved.. iam not making a loan

i would like to know any information that would be helpful on how long will my short sale sit on an underwriters desk . also what does the underwriter do? Iam the buyer of the short sale. I am also will be paying cash for the home. i ask my realtor and all i get is one worded answers. timeline is as follows  signed offer on house the seller signed the next day. all short sale paperwork was sent to
Regions bank. an email came saying it is on the underwriters desk as of the 25th of March. Please some tell me what is the next steps