"I am trying to figure out the same thing. We actually got approval on our file. My listing agent says the transfer will not affect us as it has already been approved. I'm hoping we don't have any problems. We are lucky our approval only…"
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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