I've searched the forum discussions and can't find what I'm looking for - sorry if this has been discussed in the past.
We are (trying) to buy a condo in San Diego - short sale. Loan is with BofA, (we are long time BofA customers, with a big credit score and submitted a pre-approval letter from BofA). All the info entered into the system, appraisal done...then according to listing agent - nothing has been done since. Is this common?
If it is common...I can deal with that - but if the listing agent should be doing something rather than sitting passively - I'd like to know. Knowing the time to close a short sale is longer than a traditional sale, I started months ago to close at the latest by August - now months have past and the process seems to be stalled. ...really thinking I may need to find something else...
words of advice?
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Tell your agent to speak to the listing agent, say you need weekly updates, even if it is just, I did this.... no one responded. An e-mail a week should not be too much to ask. I wouldn't be surprised to see the lender delay this into the new year so the loss is realized in a new year. Do you know when the appraisal was done?
PS I doubt BofA cares if you are a Bank of America customer or getting a Bank of America loan, they should but I don't think they do from what I've seen.