Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Waiting for Freddie Mac investor approval (at 58 days!)
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]."