When bank approves a short sale offer, is there a time constraint for closing?
Posted by Usual in Bank approved short sales, tags: approves, BANK, closing, constraint, Offer, Sale, Short, there, timeWhile we were looking at paying cash on a short sale house, the bank pre-approved an offer for a “wholesaler”. The “wholesaler” is now looking for a cash buyer before closing. The house has no leins and all taxes are paid up… what is the usual time frame the buyer (or the wholesaler in this case) has before the closing? In other words, how long does the “wholesaler” have to close the deal after the bank has approved their short sale offer? If we made a cash offer to the “wholesaler”, would it be best to complete the cash transaction through a title company and title attorney?

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