Question by Rose: Has anyone purchase a short sell home or know the process of buying one?
My fiancé and I put an offer on a short sell home and are waiting for the bank to accept our offer. I was wondering what are the step does the bank go through before they accepted our offer? So far I know that the bank hired a negotiator and also a title company. Is that a good signed that they accepted our offer?
The house went pending subject to Lender approval and we are currently the only buyer that put in an offer.
Answer by golferwhoworks
who knows as banks may be looking at several offers on this home. It is a very slow process to get a short sale as some take several months to complete
I am a mortgage banker in TN & KY
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