How long does a short sale take?

How long does it take a bank to approve a short sale?

We tell everyone that it will take 90 days from the time of the offer to get an approval from the banks. Sometimes this happens in 60 days. Some banks are more organized than others and can even pull it off in 30 days.

The reason so many real estate agents will tell you bank approval on the short sale of a home can take 6, 9, or even 12 months or more is that their short sales were not properly presented to the lender’s asset managers.

Each bank has their own real estate short sale process and their own preferences with regard to how a package must be presented. When agents fail to follow those preferences, their short sales are delayed.

We’re experienced in presenting our short sale packages correctly the first time – so there are no unnecessary delays.

Every short sale situation is different. If you’d like specific answers that relate to your situation, call 619-929-1413 or write td@tomdunlap.com.


Please note that the information provided on this San Diego short sale page is generic, academic information used for general information purposes and may not be construed as or relied upon as a promise for a specific outcome.

This site provides information about real estate, law, income taxes and credit scores as relates to borrowers in distress, short sales and similar situations. The site is designed to help users safely cope with their own needs. Information is not the same as advice — the application of law or regulations to an individual’s specific circumstances. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a lawyer, tax adviser or other specialist if you want professional assurance that our information, and your interpretation of it, is appropriate to your particular situation. The models in photographs accompanying the testimonials on this website are used for illustrative purposes and are not a personal endorsement.