If not for SSS my realtor might well be on hold to India . . . thank you for all the help to get this far!

Once my realtor got a "good" phone number things have moved along quickly.

My question:

OCWEN holds a 1st and 2nd loan on the seller.

They took 13 days to review and fortunately approve the 1st loan.  Since our offer has never been discussed what does "approved" mean?  We are cash buyers so it's the sellers loan they are looking at.

Now they have the 2nd mortgage to review, how can the additional mortgage impact things?? 

Will it take as long to review? 

It's so hopeful to hear the 1st loan was approved but I'm worried what the 2nd can do to our offer and if ANYONE has a time frame to suggest?? 

I know this is a question of speculation but idea's are appreciated!!

Thank you,

Carol