Hey I have been reading this site for a few months now, and I decided to post because I am not sure what to do?

 

My husband and I were in the process of purchasing a short sale from Litton, while we were in underwriting, we were told that Litton sold the property to Ocwen. We had the approval letter etc, so it was our understanding that Ocwen agreed to honor the previous approval. It as been 30 days since this has happen, we were suppose to close today Sept 29, we are not because we are still waiting for Ocwen to give us the ok. The sellers agent calls my agent weekly, daily saying that OCwen is still uploading doc, or looking over stuff... I feel like they are blowing smoke you know where. I am growing frustrated. I know this is a short sale, I know this take times, but really how long does it take to upload documents and review them. This is a cut and dry situation, our underwriting is fine, everything is ready, we just want to close.

 

Does anyone have any advice, should we walk away, could this thing take another month. My lease is up in a few weeks, and I am not sure about this purchase anymore.

 

thanks

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Update... Ocwen DENIED the short sale! we got word last night.... we put a contract on another home, and we are closing on the 10th of Nov.  Good luck to everyone else dealing with Ocwen......

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