Your question is one we ask every day. It really depends on the investor. I have had them approved in 10 days and others up to 10 weeks. But if the bank thought it was good, more than likely the investor will also agree. There are no guarantees but I think you are on the road to having a new home soon.
Prepare for the worst and hope for the best. I once had the investor take 30 days to sign off on a deal, and sometimes it's shorter.
Bear in mind that it's a holiday week and nothing much gets done as lots of people take time off.
Enjoy your Thanksgiving. I would say that you will probably close before the end of 2012.
Sometimes there is PMI insurance on the loan. If that is the case, after the investor approves everything, they then kick it to the PMI insurance for them to approve it. That PMI company could counter any terms still and they could even reject it all and foreclose. You just never know what will happen. Just hang in there, you are almost there.
Keller Williams Realty
It depends from bank to bank and situation to situation, but I would venture to say you are getting very close! :) Hang in there!
McAllister Homes Real Estate
Short sales can be so tricky, my philosophy is that we have an agreement once it funds and records =)
Hector R. Gastelum
Realty Executives Dillon