How Much Time Required To Complete Average Short Sale?

Marcus1 profile photo

Greetings. I have recently gotten laid off at work -have about 5 months severence paid. Made a brief foray into real estate investing 4 years ago -but couldn't devote the time I felt necessary. I am considering making it a full time endeavor. Since I will need to start generating money shortly, is pre-forclosures a good way to start in the business? How long does average deal take from start to end? Or is wholesaling/retailing rehabs a better bet for someone that will be putting all on the line? I am very impressed with this web site and would appreciate comments from those with experience. Much thanks in advance. wink

Comments(1)

  • TheShortSalePro19th August, 2004

    I'll simply address the title question.

    I tell Clients to expect the short sale approval or rejection to take from 45 days to 90 days (or more) from the submission of a completed short sale application and accompanying Proposal.

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