Home Buying in Estero>Question Details

Jr, Home Buyer in Minneapolis, MN

Approximately how long are investor approvals for Chase taking? We were told up to two weeks, but still haven't heard anything...

Asked by Jr, Minneapolis, MN Thu Jul 12, 2012

We put our offer in on April 27th and the seller's approved on 4/28/12. We were told it shouldn't take long because it was one mortgage and our offer was "good" for the comps in the area. We had the inspection completed on May 4th. The file was acknowledged by Chase on 5/25/12 and a BPO was ordered on 6/5/12. The negotiator said the offer was "good" and sent the file to the investor for final approval on 6/28/12. Today is the day we should hear something, but we are getting nervous because we really need to close by 9/1 because of kids and enrolling them in school, daycares, etc. Any advice as to if there is a strong potential for us to make the closing date we need?

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