Asked by Hancy, Seattle, WA • Wed Jun 29, 2011
I try to buy REO owned house in fannie mae. However, this house owned by GMAC and fannie mae sell me. Problem comes at closing. Fannie mae failed to transfer deed from GMAC. And escrow agent contact to GMAC to ask when they transfer deed to fannie mae. GMAC agent said that "warrant deed is on hold until futhur review by management" and they cannot give a timeline. I do not know what is going on between fannie mae and GMAC. and we can not guess how long it will take to solve this problem. Any guesses and answer????
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