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Timeline For Short Sales - By Lender

Short Sale Timeline Estimates By Lender:

Below you will find ESTIMATED timelines for the completion of short sales, by lender.  For complete contact information by lender please click the following link:  CLICK HERE

Taylor, Bean & Whitaker - has sold most of their mortgages, if not est timeline is 45 - 60 days.

DiTech - has sold most of their mortgages to GMAC/Homecomings, est timeline 45 - 60 days.

BB&T - within 30 days of submission - requires repayment

HSBC - 45 - 60 days

Solace Financial - 45 - 60 days (holds mostly 2nds and often acts as a servicer to lender)

HFC - within 30 days

Everhome - 30 - 45 days

Fifth Third - 45 - 60 days (depending; 60 - 90 worst case)

Tidelands - within 30 days but requires repayment

First Federal - within 30 - 45 days requires repayment

Suncoast - within 30 - 45 days but requires repayment

Greentree - usually within 30 - 45 days but depends on investor (45-60 worst case)

Universal Assurors - within 30 - 45 days, usually holds 2nd liens and services loan for original Note holder

Midland Mortgage - 60 - 90 days depending on investor

WAMU - currently Chase, 90 - 180 days

American General - 45 - 60 days depending

HomeEq - 45 - 60 days

Nationstart - 60 - 90 days depending on loan

Carrington - 45 - 60 days but usually sold

Saxon - 45 -60 days depending on lien position

Guaranty Bank - 30 - 45 days

Wachovia - 1st liens are now Wells Fargo (45 - 60 days), HELOCs are still Wachovia averaging 45 - 60 days but depends on 1st lien

AB&T - 30 - 60 days but requires repayment

Etrade - 30 - 60 days depending on loan

Heritage Trust - 30 - 45 days but requires repayment

BLS - 45 - 60 days

SPS - 30 - 45

1st Franklin - 45 - 60 days or less

US Bank - 90 - 120 and usually poor communication throughout process

RBC - 60 - 90 depending on lien position

GMAC - also Homecoming normally averages 45 - 60 days or less

Indymac - now One West Bank averages 60 - 90 days depending on investor

Navy Federal - within 30 - 45 days but usually requires some type of repayment

BofA - 90 - 180 but trying to decrease timelines with online processing system Equator (also all Countrywide loans)

Citi - 30 - 60 days depending on the loan and investor

AHM - 45 - 60 days depending on negotiator but can be difficult to work with

National City - now PNC averages about 60 - 90 days depending on negotiator and investor 

Wells Fargo - (all ASC loans also) averages about 45 - 60 days

Chase - 90 - 180 days and usually difficult to work with

Beneficial - 45 - 60 days or less

Litton - 45 - 60 days depending on investor

Sovereign - 45 - 60 days depending on the loan

Regions - 45 - 60 days but usually requires repayment

Aurora - currently averages 90 - 120 days but opened new depts. to keep turn times under 90 days

Homecoming - also all GMAC loans and averages 45 - 60 days

Ocwen - usually in 2nd lien position and averages 45 - 60 days depending on the file and can be difficult to work with

Wilshire - 45 - 60 days and usually in 2nd lien position

ASC - now all loans sold to Wells Fargo averages 45 - 60 days

Flagstar - about 60 days or less depending on the negotiator

EMC - 60 - 90 days depending on the loan

Suntrust - 90 - 180 days minimum and currently not making any move to expedite their process

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