No. of Recommendations: 7
The property is usually the problem. We received lender approval for the short sale quickly, but the file then had to be sent to the investor for its approval.

Since you got the lender approval quickly, I'm not understanding why you are using this example in this thread, that you started with:

Here's what to expect...

...if you're applying for a loan.


The delay that you mention seems completely irrelevant to those who aren't buying a short sale or a foreclosure, and are just applying for a loan for a traditional sale or a refinance.

And for those who are buying short sales or foreclosures, they should know what they are getting into. The delays are common enough knowledge that even HGTV shows mention them when talking about dealing with the banks.

AJ
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