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How long does it take for a lender to approve a short sale?

April 26, 2017approve Lender sale short

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How long does it take for a lender to approve a short sale?

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Approval times vary by lender and the volume of short sales that they have. We have seen some short sales approved in as little as 3 weeks, and others that have taken as long as 4 months. If there is more than one mortgage on the home (i.e. 2 lien holders), this can prolong the process. TO PURCHASE A HOME ON A SHORT SALE YOU NEED TREMENDOUS TIME AND PATIENCE! IF YOU DO NOT HAVE EITHER OF THESE, THEN PURCHASING A HOME ON A SHORT SALE IS NOT A GOOD OPTION FOR YOU.