Buying A Home
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Hi!
We are currently under contract on a short sale. Our realtor says we are in the final stages. The update I got today is that it has been submitted to the investor for approval. Our realtor is hoping we will get our answer by the end of the week. How realistic is that? The short sale is with BOA and we have been under contract since September. The BPO and everything has already been completed and signed off on.
Re: Short Sale question...
It's really hard to say. Our short sale is with Met.
It took us 4 weeks to hear anything after hte BPO was completed. Infact, they got back to us on the DAY that hte contact expired (we gave them 45 days). Then we had to extend another 30 days for the 2nd mortgage to be approved( not sure if you have this issue or not)
Maybe your agent has heard something from the listing agent who heard from the negoitator.
We are currently waiting for approval on the 2nd mortgage on the home-- and our realtor told us it's not realistic that we will hear this week or next due to the holiday. Our contract expires on 1/4/13.