http://www.trulia.com/voices/Home_Buying/The_banks_approved_the_st_nd_mortgage_What_are_-144092of a wait am I in for ?en-ushttp://www.trulia.com/voices/profile/Real_Estate_Pro-Orlando_FL-70584/http://www.trulia.com/voices/profile/Real_Estate_Pro-Orlando_FL-70584/Freddie Mac should approve it unless something unusual takes place. I would expect you to get an answer within 30 days or less. You just need to make sure the listing agent is diligent in their follow up. Good luck, Marty Kaiser 407-595-9700Fri, 10 Jul 2009 05:40:58 -0700http://www.trulia.com/voices/profile/Home_Buyer-Orlando_FL-810006/http://www.trulia.com/voices/profile/Home_Buyer-Orlando_FL-810006/Thanks for your input. I guess I should have phrased my question correctly. We were informed by the listing agent that the 1st and 2nd mortgage lenders have accepted the offer and sent the paper work to the investor, Freddie Mac. This is a short sale and I was under the impression that the lender needs to approve it, I am a little stumped to see that Freddie Mac is also involved. My question is, it is in Freddie mac's basket now. How long before I should expect a response. Thanks for you help and adviceThu, 09 Jul 2009 15:48:37 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-Orlando_FL-580479/http://www.trulia.com/voices/profile/Real_Estate_Pro-Orlando_FL-580479/Marty is correct if you have in writing the banks 1st and 2nd acceptance. Should be 30 days. Regards, Gay Middleton Realtor*Moving You in the Right DirectionThu, 09 Jul 2009 14:30:10 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-Orlando_FL-70584/http://www.trulia.com/voices/profile/Real_Estate_Pro-Orlando_FL-70584/I assume this is a short sale you are inquiring about. If the first and 2nd lenders have truly approved in writing the contract price, that should be able to close in 30 days assuming all of your funds are accounted for. Sincerely, Marty Kaiser 407-595-9700 Keller Williams RealtyThu, 09 Jul 2009 09:39:08 -0700