In the course of working on many distressed and shortsale transactions we are finding the banks are becoming more efficient and responding much faster then in the past. With a combination of pressure from the goverment and with the banks having to create systems to handle the mass amount of these type of property the process is becoming much quicker. We are finding it to be around 45 to 60 day response either being accepted,rejected or counteroffer by the banks. Most are accepted if they are with in reason and the banks are taking huge hits on alot of these homes and land.
Call if you have questions or need to know how to sell via a shortsale as it is becoming the norm now. Digger
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