In the Twin Cities, we now have more than 1,700 short sales that have received offers and are waiting for the seller’s lender(s) to provide a response, 100′s more than we had a year ago. By the way, this means that 1700+ buyers are tied up waiting for properties they may or may not ever get to buy.
35%
Percent of short sale properties for sale that are currently stuck in Lender Approval Limbo that can run anywhere from a few weeks (rarely) to many months (typical)…………..
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