We put an offer on an approved short sale 45 days ago. Apparently both of the banks (1st and 2nd) looked at our offer and put it in an “escalated file”.
Does anyone know what that term means and how long does it usually take for an offer to be approved from that point?

Thanks in advance.
We put an offer on an approved short sale 45 days ago. Apparently both of the banks (1st and 2nd) looked at our offer and put it in an “escalated file”.
Does anyone know what that term means and how long does it usually take for an offer to be approved from that point?

Just a couple of things: Reason for short sale- owners had to relocate out of state due to job. They are still making payments and are not in default. Our offer was 2k above list, the home is currently “on hold” and not being shown and ours is the ONLY offer.
Just a couple of things: Reason for short sale- owners had to relocate out of state due to job. They are still making payments and are not in default. Our offer was 2k above list, the home is currently “on hold” and not being shown and ours is the ONLY offer.