Length of time ...
This short sale I am processing through Wells Fargo right now, has been taking longer than others in the past. Its been a good month and last update is that the review and file is complete, as of December 3 they have sent file to the mortgage insurance company for review ... once that review is done, and if approved, then it will be sent to investor. Does anyone know the length of time on average it takes for approval from mortgage insurance company (MIP or PMI)?
Replies to This Discussion
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Permalink Reply by Thom Colby CA Brkr 888-391-5245 on
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Nancy - typically 14 - 21 days at MI company for a decision.
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Permalink Reply by Kent Dills on
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Nancy, my experience is a week or two at most. I suggest you find out who the MI company is and contact them directly too. It will speed their review and turnaround time.
You can get contact #'s for all MI companies via Google search or check back here on Short Sale Superstars if you run into a wall! -
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