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Lehigh Valley Allentown-Bethlehem-Easton
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Old 05-29-2014, 01:06 PM
 
5 posts, read 5,933 times
Reputation: 15

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Hello,

Wondering if anyone can tell me how close we are to closing on a short sale in Allentown. We get occasional communication that is not always clear. We just want to know if we are near the end since we've been waiting for just about six months.

Timeline
12/19/13 Offer submitted

1/2/14 No BPO necessary
Value already approved by bank
1/24/14 Sheriff Sale postponed

1/7/14 Addendum to extend contingency period
1/2414 Sheriff Sale postponed
Negotiator assigned to file

1/23/14 Negotiator requested further documentation from Seller
Negotiator requested second evaluation of file

2/9/14 New appraisal completed was completed 1/24/14

3/16/14 Bank rejected 1/24/14 appraisal

3/25/14 New appraisal completed 3/15
3/28 Sheriff Sale postponed until 5/23

3/27/14 Price reduced on house

4/15/14 File under review with HUD
Previous variance submitted was declined

4/24/14 HUD approves new variances

5/14/14 Seller received ATP
Arms Length Affidavit signed by Buyer and Seller

5/20/14 Negotiator moved file from Phase 1 to Phase 2
5/23 Sheriff Sale postponed to 7/26
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Old 05-29-2014, 06:47 PM
 
1 posts, read 784 times
Reputation: 10
Which bank is it?
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Old 05-29-2014, 08:46 PM
 
5 posts, read 5,933 times
Reputation: 15
JP Morgan Chase
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