Last week I received an approval for a Flagstar Bank short sale. I was representing a buyer for this transaction. I hope this letter helps to understand how Flagstar Bank does their short sale.
Time Frame: 5.5 months. I didn't realize that it took this long mainly because I had continual updates. Honestly, I though the bank could of done in 3 months max but they kept wanting more money and wanted to change the terms.
Here's the demand/approval letter.
If you have Flagstar Bank and you are considering a short sale, contract me for a private consultation.
Simon Hahn - Keller Williams Realty
Virginia, Maryland, Washington DC short sale specialist
703-662-1466
Cull run short sale specialist, Flagstar bank short sale specialist, Virginia short sale specialist expert, citimortgage short sale success