Fastest short sale banks

“Fast” is a term or art here. The fastest doing short sales was GMAC averaging 6 months after a home became 60 days delinquent. Citigroup (7.5 months) and Wells Fargo (8 months) were second and third fastest in completing short sales of prime mortgages.

For Arizona home sellers, starting the clock when 60 days delinquent doesn’t make too much sense. An Arizona home seller is more interested in how much time it will take them once they submit their paperwork to the bank but, unfortunately, I don’t have those numbers.

More here.

June 26, 2010 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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