Doing a short sale can, at times, be confusing and stressful; that is why we highly recommend working with a short sale expert. Underwater homeowners often have a multitude of questions they would like to ask but don’t know where to turn. Finding a short sale expert in Las Vegas to answer all of your questions is the first step to successfully short selling your home.
One of the questions that a short sale expert is frequently asked is, “How long does it take to complete a short sale?” This can be a complicated question because the answer to it is dependent upon so many different things. Some of these factors include how many liens you have on your property, who your servicer, lender and investor are and what kind of situation you are in. If you are in a situation that isn’t so drastic, it may take a little longer to complete your short sale because the servicer knows there isn’t anything pressing about your situation. On the other hand, if you have a very difficult situation and need to get your short sale closed as soon as possible, the servicer may speed of the process. Generally speaking, however, it takes approximately six months to complete a short sale, from putting it on the market to closing on it. The amount of time that it takes to close a short sale can go from one extreme to the other. There have been some cases where it’s only take a week to close and then there have been some instances where it took 14 months.
If you have any questions about how long it may take for you to successfully short sale your home contact a short sale expert in the Las Vegas area today to get all of your questions answered.