Home Selling in 01534>Question Details

Deggy, Home Seller in 01534

My lawyer sent an updated contract to buyer's/bank's lawyer a month ago on a contract signed 3 months ago. Still no response/closing date.

Asked by Deggy, 01534 Thu Sep 1, 2011

What's up? Bank preapproved buyer's loan. Inspectionand appraisal went well weeks ago.

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If this is a short sale it can take much longer than that
0 votes Thank Flag Link Fri Sep 2, 2011
Hi Deggy,

It sounds like you are doing a Short Sale. If you can be more specific with what has occurred so far, I would be glad to offer you my professional opinion. Is it that your lawyer is negotiating with your lender and is awaiting a response? If so, that can definitely take several months.

With regard to the "buyer's preapproved loan" what do you mean by that? Did your own lender offer some type of buyer incentive?

Thanks for any further details you wish to provide!
0 votes Thank Flag Link Thu Sep 1, 2011
Is it a short sale? That seems long even for a short sale.
0 votes Thank Flag Link Thu Sep 1, 2011
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