Posts Tagged “generally”

My husband and i just placed a bid on a short sale house, generally speaking how long will it take for the bank to tell us they have accepted our bid? I have read any where from 30 days-3 months. My realtor is saying 2-3 weeks, which seems a bit soon even in FL. Tips for short sales are welcome as well! Thanks,

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Regardless each bidder’s financial condition (down payment amount/ excellent credit score/ contengencies…)?
For example:
Bank’s target price is $350K. Two offers received from two possible buyers.

Buyer A: Offer $352K, 5% down, credit score good 750.

Buyer B: Offer $350K, 20% down, credit score Excellent 803.

Which one would be in favor of by the bank?

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