Posts Tagged ‘through’

Question by #3 due 4/10: Has anyone ever been in a sale of a “Short Sale” and actually have it go through?
I am waiting to hear back from the bank on an offer we made and it’s a short sale. It seems as though these are very hard to close from what I hear

Best answer:

Answer by Marina R
We just closed on one, it took about 2 months to process, sale price 375,000 loan amount 495,000.

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When you Go through a short sale are there any benifits from that when you do your taxes at the end of the year? can you claim the loss?

I don’t need an exact time-frame just an approximation of an average short sale. As of today it has been 78 days and we have not heard anything from the lender at all?
Ryan B – We know that the offer is not lost, nor have they accepted another as the seller’s agent just talked to the bank this morning. We are just waiting for the lender to get a move on this.

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Recession Proof Real Estate Investing – Short Sale Your Way to Prosperity Through Secrets, Systems & Strategies