Aurora Short Sale

Hi. I am a buyer who has received an approval on a short sale from Aurora bank. I understand they are transferring their loans to new servicers throughout June and July. I am in escrow. I am concerned that a transfer of the loan will null our approval. If the loan is transferred before we can close, does anyone know what might happen? Once we get the approval, is everything okay or could the whole transaction completely fall apart. Any advice is greatly appreciated.

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Permalink Reply by Wendy Rulnick on June 12, 2012 at 11:59am

It will probably delay your approval time, no doubt.

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