How Long Does a Short Sale Generally Take?
It can take too long to even be reviewed by your lender before the foreclosure sale or the buyer withdraws the short sale offer. That’s why it is important to begin the process as soon as you know you are challenged. Having a lawyer involved in the process early on speeds up the process and gives it priority it would not otherwise receive. Typically a short sale is completed within one to two months from the time we have an accepted offer to submit to the lender. If the foreclosure sale is imminent, we can usually have the sale date postponed. Timing depends on how quickly we can begin negotiating with your lender. The sooner, the better.
