Category Archives: short sale

How long are short sales taking these days?

That’s a question I get asked almost daily? My usual answer is that the time required for short sales can very greatly, but that typically buyers can expect to wait two to three months to receive a response from the … Continue reading

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What becomes of pending sales [90 days later]

Ninety days ago I took a snapshot of the pending homes sales so that I could track their progress. Below find the current status of these 1,876 pending sales (from May 1, 2012) broken out by status type today: Status … Continue reading

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What becomes of pending sales [60 days later]

Sixty days ago I took a snapshot of the pending homes sales so that I could track their progress. Below find the current status of these 1,876 pending sales (from May 1, 2012) broken out by status type today: Status … Continue reading

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What becomes of pending sales? [30 days later]

Last month I took a snapshot of the pending homes sales so that I could track their progress. Below find the current status of these 1,876 pending sales (from May 1, 2012) broken out by status type today: Status May … Continue reading

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What does a short sale approval letter look like?

Contemplating short selling your home?  Ever wonder what that short sale approval letter will look like when and if it finally arrives?  And how long will it take to receive the short sale approval letter from your lien holder once … Continue reading

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Are you considering selling your property as a short sale?

First Centennial Title Company of Nevada has put together a Homeowner’s Guide to Short Sales.  This guide contains useful information for homeowners considering selling their property as a short sale.  From a detailed explanation of the short sale process to … Continue reading

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Wells Fargo releases short sale guide

…and claims their processing time to approve or deny an offer on a short sale has been reduced to just 25 days.  If true, that is a considerable improvement over the three to six month average the lending industry now … Continue reading

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Short sale flowchart

“Why does it take so long to close a short sale?”  This is a question I get asked daily. Thanks to our friends at First Centennial Title I can now point to the flowchart below to provide some insight into … Continue reading

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