How Long Does A Short Sale Take?
From a Trusted Mortgage Lender:
Remember, this is an Average...we have all certainly had ones that took longer than this.
Average close time by bank
Below is a report that gives the average days to close from the day the short sale package was submitted with purchase contract to the bank.
|
Bank |
Days |
|
American Home Mortgage |
123 |
|
ASC (Americas Servicing Company) |
191 |
|
Aurora Loan Servicing |
78 |
|
Bank of America / Countrywide |
165 |
|
Bank of America Home Equity |
181 |
|
Bank United |
120 |
|
Central Mortgage |
48 |
|
Citi Mortgage |
120 |
|
EMC |
143 |
|
Everhome Mortgage |
70 |
|
Fifth Third Bank |
66 |
|
First Horizon (Metlife) |
234 |
|
GMAC |
97 |
|
Home Servicing |
172 |
|
HSBC Mortgage Services |
49 |
|
Indymac |
213 |
|
Mariners Properties |
|
|
Merrill Lynch / PHH Mortgage |
122 |
|
Midland Mortgage |
97 |
|
Regions Mortgage |
115 |
|
Select Portfolio Servicing (SPS) |
85 |
|
Thornburg |
153 |
|
Wamu/Chase Mortgage |
167 |
|
Wells Fargo |
129 |
Categories: bank approval short sale, foreclosure, short sale, distressed homes, short sale approval
Tags: short sale approval bank approval short sale how long does it take distressed home foreclosure home
Comments