Myself and my husband are in the process of purchasing a short sale. This process has been going on since October of 2012. The seller hasn't occupied the property for 2 years. She has completed so much paperwork that has me wondering when does it stop? She has completed the Chase short sale packet, hardship letter, bank statements, her husbands death certificate, etc... An appraisal was ordered through Equator on 3/27/13 and according the our realtor was done a while back. Recently she has turned in and expense sheet and most currently the negotiator at the title company has sent her a vacancy letter to fill out.
Knowing this...does anyone have any insight as to how far along we are in this process? NOW that we've gotten to the vacancy letter. Any information would be greatly appreciated.
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Andi - If this has been going on since October there was or is a problem. A short sale should not take eight months. If the appraisal was "just" ordered as recently as March, what was happening from October to March? It sounds like this MIGHT be a Chase FHA where they dropped the ball in issuing an Approval To Participate (ATP) since the title company/negotiator is asking for a vacancy letter. I am not sure what that is. They might mean a letter of explanation as to why the seller is not in the property, since that is required by FHA HUD to do a FHA Pre Foreclosure Sale (FHA PFS). If it is not an FHA, I don't know why there has been such a delay. I would outright ask.