ryaan
10-18-2009, 09:12 PM
Ok, I am now 50 days into my short sale and getting frustrated, normal I know as I had read up on short sales before starting. We submitted an offer 50 days ago and got a response from the bank (counteroffer). Which actually was less than what we offered but without the closing costs that we asked. At the bottom of the letter they sent us back it said ACCEPTED. I guess i was taking this as they accepted our offer but my agent keeps saying that there letter is a counteroffer.
My agent keeps telling me now we are just waiting to receive their contract with the "as is" addendums for us to sign. How long should it take for them to get us this documentation so that we can be under contract. Everything I have read has said the longest part is getting the bank to accept the offer on a short sale.
My agent keeps telling me now we are just waiting to receive their contract with the "as is" addendums for us to sign. How long should it take for them to get us this documentation so that we can be under contract. Everything I have read has said the longest part is getting the bank to accept the offer on a short sale.