01534 : Advice

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Christine M.…, Real Estate Pro in Wilbraham, MA
Christine M. Moran answered:
We are buying a Fannie Mae home and we are held up waiting on a POA. If they didn't have one to foreclose, can they legally sell it to us?
POA laws exist in every state and can impose different requirements depending on where the POA is made and for what purposes it is intended.
0 votes Share Flag Tue Jan 10, 2012 Foreclosure in 01534
MDM REALTY H…, Real Estate Pro in 01701
MDM REALTY Heidi Zizza answered:
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.
If this is a short sale it can take much longer than that
0 votes Share Flag Fri Sep 2, 2011 Home Selling in 01534
Boomer, Home Buyer in Mississippi
Boomer answered:
How long does it take for Fannie Mae to close on home?
We are having the same problem. We are putting down more than required, have great credit, no debt, and have loan approval. We are being told there is a "recording problem with the ... more
0 votes Share Flag Wed Jun 15, 2011 Home Buying in 01534
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