According to the good folks at Countrywide, the short sale listing I have has successfully advance to Stage Two of four.
And it only took 4 1/2 months to get there.
This is why, in short, short sales tend to be challenging when you’re a buyer. You don’t know when you’ll close or if it will get accepted. And any timeframe passed down from the lender (in this case, the buyer received a letter in March saying we’d be done by now) doesn’t mean all that much.
[tags]Phoenix real estate[/tags]