I've had an offer waiting for approval since 2/18. My contact is:
Rita K. Taylor
US Bank Home Mortgage
Default Resolution Specialist
Default Resolution Department
[email protected]
1-866-932-0462
Fax #877-903-6972
I was originally told that an offer that netted at least 85% of the $374K BPO would work, and that approval would come in 2-3 weeks.
2 months later, after a decision to order a full appraisal that came out at $400K, now I am told that the loss will require "management" approval -- and that the offer which nets US Bank 88% of appraisal and 94% of BPO may not be sufficient.
Closing was targeted for today 4/22 - now moved to 5/3.
Anyone have experience with this "moving target" routine for dates and net % that is acceptable? Should I be nervous, or patient?
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