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Buying a short sale from GMAC

Posted on: 25th Apr, 2009 05:35 am
I have been under contract pending bank approval since Feb 2 2009. It is April 25 and I still have not heard anything. Apparently the seller contacts the bank regularly and is not getting any information. Everyone is very frustrated and I am wondering if this is ever going to go through. Our offer is at list price. Any ideas???
i just answered your question.
Posted on: 25th Apr, 2009 05:37 am
Hi,gmakerley ,

Where you answered for his question ?

I am waiting for your answer.

Thanks.
Posted on: 25th Apr, 2009 09:03 am
some of the short sales take a very long time.
Negotiations can take months.
I just finished one that I had taken the application 8 months ago, he is now settling.
Posted on: 25th Apr, 2009 07:45 pm
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