Shart Sale Question?????

**petiebear** · 04-27-2011, 05:13 PM

I am 10 weeks into a short sale with BofA.
I offered the listed price. Since then they have asked for and recieved Desk Top
Underwriting from my lender. We have also signed a Arms Length Affadavit. BofA is the only morgage holder, no second. BofA ordered a BPO, which has been completed. Friday 4/22 I was informed that the valuation process has been completed and that they had to gathering internal information such as the payoff amount to analyze the offer.

What happens now? How long does this usually take?

Thanks

**eskyvest** · 04-29-2011, 12:58 PM

Depeding on the status of the short sale, if BOA hasn't approve the short sale or the listing price yet, they may not accept your offer. If the short sale has been approved at the listing price, the process will be shorter. You should get a green light within a week or two.

Jackson

**EugeneRealEstate** · 05-09-2011, 10:48 PM

Have your realtor talk to the listing realtor to find out where they are at in the process. Your realtor should be checking in with the other realtor and keeping you informed.