Tony and Suzanne Marriott's Phoenix Arizona Real Estate Blog

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IT'S OFFICIAL. THE FASTEST AND THE SLOWEST SHORT SALE LENDERS - YOUR MILEAGE MAY VARY.

 

JUST IN FROM THE VIRGINIA ASSOCIATION OF REALTORSLenn

Source?  HousingWire magazine 

The Quickest:  GMAC with an averge of 6 months to approve.

The next Fastest:  CitiMorrgage with an average of 7.5 months to approve.

The next-next Fastest:  Wells Fargo with an average of 8 months to approve.

LAST PLACE (SLOWEST) goes to Countywide (Bank of America) with an averge of 13 months to approve.

 

ANY SURPRISES???

HA!

 

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.


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About the Authors - Updated 2018

If you are considering a Traditional or Short Sale of your home in Phoenix, Scottsdale or any location in Maricopa County Arizona, you owe it to yourself to talk with the BVO Luxury Group @ Keller Williams Arizona Realty to determine whether Tony and Suzanne Marriott are the best real estate Brokers in the Phoenix and Scottsdale metropolitan area to help you with the Successful Sale of your home.

Tony and Suzanne have personally Listed, Sold and Closed more than a hundred Short Sales with the highest list to close rate in the Phoenix Metro Area!

Tony Marriott - Chief Operating Officer - BVO Luxury Group @ Keller Williams Arizona Realty

Suzanne Marriott - Chief Learning Officer - BVO Luxury Group @ Keller Williams Arizona Realty

Associate Brokers, REALTORS
BVO Luxury Group
Keller Williams Arizona Realty

Comments

Sounds like these stats are "old news".  The vast majority of our Short Sales are completed within 6 months - GMAC taking 2 months for the approval process - B of A now at 3-4 months.

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (BVO Luxury Group @ Keller Williams Arizona Realty) almost 9 years ago

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