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 28th. 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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