Asked by Mme_mcguire, Jacksonville, FL • Thu Sep 9, 2010
We are trying to buy a condo in Jacksonville, FL. It is a Fannie Mae Homepath foreclosure. We had prior approval and made an offer, which was accepted very quickly. That was almost five weeks ago. Our Realtor has been no help, and our mortgage guy keeps saying it's the underwriters that we are waiting on. We've had to extend closing twice already, and now we're looking at a third extension. We're in a rental and starting to get really impatient. Is this normal for the closing process to take so long? We were initially told we could close in a matter of a week or two. I am totally new to this. No one can give us a legitimate reason as to why it keeps getting pushed back, so we're starting to get a really bad feeling about all of it. Are we wasting our time? Should we walk? It's a great deal and we love the condo, but I don't want to just sit around for months. Thanks!
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