My offer was accepted from the seller on 3/20/11. The seller opt out of the HAFA short sale. Sellers agent received message on 6/3/2011 from equator “The valuation for the property at XXXXXXX is complete and we can move the short sale forward” and then on 6/24 the agent received the same message? Whats next? How much longer to receive a response on my offer? The offer is at FMV.
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Comments
Hi LInda. No telling how long it will take. My experience with BofA is that they usually take 43-5 months to issue an approval. But a lot depends on who the investor is and whether or not there is mortgage insurance and are there more than 1 loan. My other experience with BofA is that they DO approve short sales. They just take time because they have so many of them to deal with.
I truly hope this all works out for you.