Hi. I’ve only posted a few times, but I thought I would vent here if that’s ok.
I started the short sale process on my home what seems like an eternity ago (about 2 1/2 months), and the investor submitted his final offer of $165K about 2 or 3 weeks ago. (BPO was $195K) The offer was forwarded to the decision-makers, and the investor and I took it as a good sign that the SS would be approved. He’s called the LM officer several times, mostly just ending up with her voicemail, and the times that he did get to speak to her, she kept asking when we can close. It’s driving me a little nuts waiting on their decision, almost to the point where it feels like they’re enjoying tormenting me!
I have no idea on how long it takes or what procedures they follow to determine if the SS would be in their best interests, and I think this what’s making me so crazy. Can anyone shed any light on what they need to do and how long it took to get a decision on your own short sales, one way or another, from the time they took your offer for review? Thanks for any input.
Moo.