Either way you should contact your realtor and find out what is going on.
Best of Luck,
Century 21 Tenace
Sheryl Arndt, Real Estate Broker – Sr. Loan Officer
REO & Short Sale Specialist
20+ Years Experience
Demand some answers and good luck to you!
Diane Wheatley, Broker
The only thing that should hold up a loan would be them trying to finance you or the appraisal of the property. Did you have any credit problems you had to fix?
Was it a HomePath Renovation loan? Has the appraisal been done? What issues has the lender brought up for the delay? Have you spoken with your Realtor and has he or she explained what is happening? What does your contract state? There are a lot of other issues that may be involved. I'd discuss it with your lender and have them fully explain where any delays may be. If it isn't your loan that's causing the delay, then it may be with Fannie Mae. If so, your Realtor should be able to explain wherein lies the problem.