The process of purchasing the short sale is similar to a regular sale initially.? Once a home is found that you want to place an offer on you make the offer with earnest money deposit and a prequalification.? Once the home owner accepts the offer the offer gets submitted to the bank for approval.? This is the step that makes it so different from a regular sale.? The process for the final approval can be weeks to many, many months.? It is a process that requires tremendous patience and understanding that there may be hurdles along the way.? However, if you are not in a hurry to move short sales can be great options.
If you need help finding a local agent let me know.
Good luck!
Stacey
Source: http://www.zillow.com/advice-thread/How-do-I-find-and-buy-a-short-sale-house/462015/
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