short sale condo processing after bank counter back the offer?

I have been put the offer in the short sale condo since February and got the counter offer back from the bank in 1 week. So, I put the counter offer back to the back the amount that they asked for.
I have been waiting for 3 weeks now and just curious that how long the processing will be and how long for bank to make a decision.

Thanks

It depends on many different factors such as who the lender is, the investor, cooperation from the seller, pmi, etc…

It can easily be a couple of weeks to several more weeks, if not a couple of months. The only one that would have the best idea is the person who is processing the short sale on behalf of the seller.

Good Luck!

This entry was posted on Friday, April 15th, 2011 at 4:26 am and is filed under condos for sale. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “short sale condo processing after bank counter back the offer?”

Anthony on April 15th, 2011 at 9:41 am

It depends on many different factors such as who the lender is, the investor, cooperation from the seller, pmi, etc…

It can easily be a couple of weeks to several more weeks, if not a couple of months. The only one that would have the best idea is the person who is processing the short sale on behalf of the seller.

Good Luck!
References :

Real Estate