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Updated over 8 years ago,

Account Closed
  • Austin, TX
0
Votes |
22
Posts

Waiting for Freddie Mac investor approval (at 58 days!)

Account Closed
  • Austin, TX
Posted

As the seller, both primary and HELOC are with BOA and we are due an answer in 7 days (according to BOA/Equator).

Question: What could prevent Freddie from NOT accepting at this point? Any insight/intel would be appreciated.

Timeline:

  • 415K 1st/HELOC
  • 290K Buyer 1st Offer
  • 340K BOA Counter
  • 295K Buyer 2nd Offer
  • Appeal with Comps
  • 295K BOA Accepted Offer
  • Waiting on Freddie, per BOA/Equator: " Thank you for your interest in a short sale. We have been unable to reach a decision within [58] days as we originally stated because "[We are still awaiting a decision from the investor on your loan]" we appreciate your continued patience as we process your request. We will let you know whether or not your request for a short sale has been approved by [06/08/2016]."

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