Found a property that goes to auction on Sept 9, is there still enough time to do a Short Sale? How long does the process usually take from first talking to owner to signing the closing papers?
Mortgage companies will tell you it has to be recieved 11 days before the sale date. But don’t always listen to that because I’ve gotten them accepted when I sent them in 1 day before. Always try, but 11 days is a ballpark that they can’t use the excused…DENIED, because not enought time to review it…funny
Depending on your state statutes for redemption, you
might be able to pursue a shortsale even while
in redemption period post the auction.
-Krish
24 hours