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Old 03-28-2010, 12:53 PM
14 posts, read 66,822 times
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One seller granted the extension but so far not the other. What happens next?
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Old 10-10-2011, 11:22 AM
3 posts, read 4,458 times
Reputation: 11
Default What are the chances that Bank of America will give us an extension on our short sale closing date?

We got a short sale approval letter back in September and the expiration on it was Oct 7th which was our contracted closing date. Our lender (JP Morgan Chase) has been taking their sweet time with our loan. We gave them over 30 days to close this loan and gave them everything they needed the day they asked for it. On Friday (Oct 7) they finally sent over our loan docs to Escrow. The problem is they sent them at 2:00 an by the time we signed everything (3:00) federal funding was closed so we were not able to fund and close. Our realtor is in the process of trying to get an extension on the short sale since we are soooooo close to finishing this thing. The house is scheduled to go into foreclosure and have a notice of Trustee sale on Wednesday. What are the chances that BofA will deny our request? All we have to do is fund and record on Tuesday.
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