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Sunday, August 22, 2010

How Slow Is Your Short Sale Lender?

HousingWire magazine reports:

The Quickest: GMAC with an average of 6 months to approve.

The next Fastest: CitiMorrgage with an average of 7.5 months to approve.

The next-next Fastest: Wells Fargo with an average of 8 months to approve.

LAST PLACE (SLOWEST) goes to Countywide (Bank of America) with an average of 13 months to approve.
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