I found a house that was listed as a potential short sale (I am a first time home buyer). I had to sign a discloure with my offer that states 30-45 days for the approval by the bank and then 30-45 days to close. The form says from a CDPE so its probably stock, so I assume its a resouce for the sellers agent. The timeframes listed really mean nothing correct? The bank can take as long as they want, well past the 30-45 days for approval? Does this form really only provide me a loophole way out if it takes longer than this?
Current Debt Management:
$15k Trinity Financial Management (scheduled pay off late 2021)
$10k NFCU
$350/mth Bridgecrest Auto Loan
Goals: Pay off credit card debt & buy a new home before end of 2020
Long Term Debt:
Fed Loans - $150k
Navient - $100k
Taking a "if God don't do it, it won't get done..." approach to paying these off.
