I'm a cash buyer, considering buying a house that's under a short sale. The house is listed for a certain amount, but the short sale is actually approved for $5,000 less than asking price. If I accept that price and pay cash, would it still take the 60 days to close that they are claiming? Or does that only apply to people who are getting a mortgage?
Since the short sale is already approved at an amount I'm willing to pay, I don't why it can't close within two weeks.
Read more: Would a house under short sale still take this long to close?
