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More on short sales: The speed after the wait.

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Mortgage and Lending with Novus Home Mortgage NMLS 876516

Just an update on the short sale process. 

After the long wait to get an answer from the short sale lender, the approval arrived, and three days later we closed with the buyer.  The least humorous part of this speed was that after the mortgage originator pestered me several times about not having the sale approved, I put it  back in her court, only to find out that the borrower was not as "approved" as she said they were.  For me, with fifteen years of lending experience behind me, it was quite disappointing.  However, we did end up closing several hours after the original time, and the Friday funding became a Monday funding.  A successful end to a long process.

 

 

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Veronica DeCarolis
Weidel Realtors - Flemington, NJ

Glad you had a happy ending. Veronica

Jun 27, 2008 09:41 AM