If you’ve been doing any research about Miami Beach homes and considering a purchase, you’re likely very well aware of the many short sale properties that are out there or the number of homeowners who are willing to accept a short sale.

One of the drawbacks when it comes to short sales is the indefinite length of time that a lender may take to respond to short sale offers.  This means that if you were to make an offer on Miami Beach homes you could find yourself waiting days or even months in some cases.  That’s all going to change in April when lenders will be forced to respond within a ten day period, but what do you do if you can’t wait that long?

In the meantime you’re better off doing some research.  If it’s possible, try and see if the Miami Beach homes you’re looking to buy have more than one lien against them as this could significantly affect the amount of time that a lender will take to respond to your offer.  If you can wait until the new rules go into effect in April however, you’ll likely find it much easier.