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rallythis
1 Posts |
 Posted - 04/03/2008 : 08:09:18 AM
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| What is the average time you're seeing escrow close on foreclosures in Los Angeles County California? I've got a guy that's looking for 15 day but the selling bank is pushing 30-45. What's the deal? |
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terry_g
396 Posts |
Posted - 04/03/2008 : 09:14:08 AM
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15 is absolutely not realistic if it's a bank owned property. The vast majority of the offers I've seen for qualified buyers don't even get accepted, much less close. If the selling back is saying 30-45, they probably know their internal issues and turn times. I've had these deals take 30+ days just to get a ratified contract with seller signatures after a "verbal acceptance".
quote:
Originally posted by rallythis
What is the average time you're seeing escrow close on foreclosures in Los Angeles County California? I've got a guy that's looking for 15 day but the selling bank is pushing 30-45. What's the deal?
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