Are you keeping in touch with your agent and your mortgage broker? May be is a problem in your credit or still waiting for more documentation from you. Anyway, Two months and a half is a long time to wait for a mortgage approval or you mean is been two months and half since you submit your offer?
Either way you should contact your realtor and find out what is going on.

Best of Luck,

Maria Cipollone

Century 21 Tenace
http://www.Flahomespecialist.com

Yes, how about an update for us all. Were you able to close this deal?

Did you fund yet?

http://www.under640ficoscoreloans.com/Pages/HomePath.aspx

http://www.under640ficoscoreloans.com/Pages/ContactSheryl.aspx
Sheryl Arndt, Real Estate Broker – Sr. Loan Officer
REO & Short Sale Specialist
20+ Years Experience
DRE# 01140252
NMLS# 297251
760-486-4225

Dear Paul, Seems like an awfully long time to me but of course, I do not know all of the details involved. I just closed a Home Path loan for a client in less than 30 days. It is a question for your lender working the file. Have they received all of the requested documentation from you? Are they waiting on a statement of yours, paystub or tax return? The financing process typically lasts 30 - 45 days on the outside if the file is complete and ready to submit to underwriting for approval.

Demand some answers and good luck to you!

Diane Wheatley, Broker
diane@moveupproperties.com

Is it really the loan side or the actually sale? Are you buying a REO, SHORT SALE, or Standard?
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?

Actually, I'd need more info before giving a response. Every sale is different and when purchasing any repo home, there are issues that can arise to cause delays. Often times it is with the REO bank not your lender.

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.