Hello,
On one of my short sales...
Received Chase (2nd) approval first on 10-14 with target closing date od 11-16
Didn't get US Bank's approval (1st) by 11-16
US Bank now requests an updated 2nd lien approval before they issue it, all other docs are in.
Chase requests US Bank's approval before they will update theirs with new date, actually tell me that their approval while expired is still valid and they wouldn't have an issue with updating once 1st approves.
File closed by US bank 11-30 with 10 day grace period to revive gives me 'til 12-07 (12-09 is Sunday)
Escalation at USBank tells me they will take 30 days to review a complaint.
Buyer, seller and Title have been ready to close.
Emailed USB from processor to VP requesting approval, they replied noting expiration of second's letter, denying approval
Chase tells me to call the Dpt of Justice as 2nd approval isnt (or shouldn't be) required to get 1st..
Neither will budge
What to do?
Any thoughts?
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I would copy and paste this article and place it in the forums. You'll get responses there.
Helpful tip: Use forums for questions and use blogs for sharing information.