We have a short sale studio condo in Siena Hills priced at $159,000. Siena Hills is a wonderful condo complex at the top of Bollinger Canyon Road convenient to Bishop Ranch. Siena Hills has community pools and exercise rooms. This unit (183) is in the section of Siena Hills located behind Club Sport.
At $159,000 this unit will not last long.
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In your experience are banks getting slower or faster when responding to short sales? I just listed my first short sale, an IndyMac Bank loan, and it sounds like it will be at least three months after submitting an offer before i hear anything at all. Could this be?
Ronnie - welcome to the world of short sales. 3 months is probably average for half of these types of transactions. Short sales are not for the faint of heart buyer or agent