Let's be honest, short sales in Jacksonville are a part of our life and will be for some time to come. Let's also be honest about the process of selling or buying a short sale, it can be painful as you wait for months and months not knowing if the bank will accept the offer.
The good news: Short Sales are speeding up!
The time frame for getting an approval from the bank is hovering around 80 days. Believe it or not, that is a fairly big improvement over just a few months ago when almost all banks were dragging before the holidays.
Why Short Sales are speeding up:
- Proactive Banks: Several banks have decided to get real, real fast. Chase, for one, finally recognized they had a problem and started initializing the document collection from