The unprecedented changes in the real estate world continue to evolve. All indicators are pointing to continued change now and throughout 2010-2011.
The latest reports from the real estate community indicate that in many cases; after a “short sale” offer is accepted, the contract is stipulating that the entire transaction close in less than two weeks from notification of final acceptance of the offer. It has been noted that some committed buyers have paid for the appraisal before receiving confirmation of acceptance…………..in anticipation that a “short” closing period will be required for the short sale transacation.
Buyers are advised to be prepared for the necessary steps and timely cooperation with their lender and realtor to meet the time constraints.
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