May 28, 2013 changes?

Just received a short sale approval letter stating escrow has to close no later than May 28, 2013 (in 7 days!). Negotiator states it's because of "...some upcoming guideline changes" so they're not able to get approval letters past the 28^th. Then the negotiator asked for us to push to close asap, and we can "discuss an extension after the 28th." (of course my buyer is getting a loan)

Does anyone have an idea what's going on?

Investor is FNMA, servicer is Seterus, negotiator is Loan Resolution Corp. Property is in Cal.

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Permalink Reply by Katherine Muhs on May 22, 2013 at 5:57am

Thanks Ron!

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