Waiting for Approval from Chase

We submitted an offer for a buyer of a short sale.
(non GSE, 1 lien, conventional)

The short sale was approved with another buyer whose loan was declined. The listing agent said the negotiator told him he could submit an identcal offer and they would approve it quickly.

It's now over 30 days, the buyer's loan is 'cleared to close' with the only loan condition is the Chase approval letter.

Anyone have any idea how long this could take or a way to expedite?

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Permalink Reply by SE Davis on November 8, 2013 at 9:09am

c stew that approval with the new buyers name should have been returned in 1 week or less. I would say the listing agent has dragged their feet on this. If the old one expires it may create new delays.

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