How long does it take to complete a short sale?

The entire short sale process takes an average of 3 to 6 months depending on the number of loans and property location. Some cases, however, can see the process completed in as little as two months. Varying from lender to lender, it can take two weeks or as long as 60 days to receive an approval of a short sale from a lender. Some lenders have their own dedicated offices working on short sale packages while other lenders outsource. Even with an approval, it may take 2-4 months for the home to be sold. During the short sale process, you are allowed to live in the home and California law protects your home from foreclosure. Give us a call at 1-800-760-9156 and we can let you know how long on average your specific lender will take to complete a short sale.