Short Sales

[Annoying_Boy]

My, oh my, where did "Suz" go?

I sold my house as a short sale in 2009. The buyer (who, ironically, is a friend) only had to wait 3 weeks for approval from my bank. My real estate agent was shocked that 1) they accepted the offer and 2) they approved it so fast. So, maybe it just depends on the bank?

Probably depended on the offer amount and the time frame in 2009.

That was a pretty dark year for the banks in this country.

And the taxpayers that bailed them out.

 

[mmesser0]

Probably depended on the offer amount and the time frame in 2009.

That was a pretty dark year for the banks in this country.

And the taxpayers that bailed them out.

Very true. She paid $70,000 less than what was owed on the house. I guess the bank didn't care since they weren't losing much due to Obama's housing plan. I'm thankful for it because we didn't have to go to foreclosure and our credit isn't wrecked at all.