Approved Extension Question PLEASE!

Hi,

We recently got our extension approved and I was wondering, how long does it take to close after that? Also, we had our credit reports checked 2 days ago and they took recent pay stubs, are they going to do it AGAIN before the signing of the docs? Thanks ! : )

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Permalink Reply by Wendy Rulnick on October 15, 2012 at 10:46am

Ashley - Are you the seller or buyer?  Closing will be within 30-45 days of short sale approval, normally. Some give 60 days. Sooner is better.

Permalink Reply by Diane Gish on October 15, 2012 at 1:17pm

Ashley, if you are the seller and the short sale is approved with an extension for settlement date, the bank should not ask for more documentation. 

If you are the buyer, your loan officer should easily be able to provide a date they can close your deal.

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