Consumer Mortgage News Free mortgage news for current and prospective borrowers from a leading online mortgage industry news publication.
Diligence Needed When Buying in Short Sale
Real estate Q&A: Bank blows its own short sale deadline
March 27, 2014
By GARY M. SINGERSun Sentinel
Question
I'm buying a short sale. After I submitted the application, the seller's bank told me I could expect an answer in 30 days. But that date has come and gone with no answer yet. It's an all-cash offer for market value. Doesn't the bank have to follow its own deadline and at least give me an answer in the time frame it set?
Ron
This wire news service story is no longer available.
To see more of Sun Sentinel or to subscribe to the newspaper, go to www.sun-sentinel.com
Copyright (c) 2014, Sun Sentinel
Distributed by McClatchy-Tribune Information Services.
For reprints, e-mail [email protected], call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
This story was distributed by TNS - Tribune News Service
Refinance News
News about refinance programs, pricing and production.
H A R P 2.0 News News stories about the H o m e Affordable Refinance Program including expanded program guidelines.