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Contributor
seemund
Posts: 90
Registered: ‎03-29-2010
0

Re: Short sale WRITTEN approval is in!!!

Wow, I'm happy for you!!!

 

I'm waiting on a short sale decision myself...

We're expected to close on the 24th, but the seller's bank hasn't even decided yet!!

 


Starting Score: 700
Current Score: 749 EQ / 760 TU
Goal Score: 760+


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LondonMassey
Posts: 453
Registered: ‎01-03-2012
0

Re: Short sale WRITTEN approval is in!!!

Initially we were scheduled for Aug 14, but then the bank countered for July 23... And didn't even send written approval until yesterday, the 31st. So, I'm hoping the Sept 12 closing holds up.
Cap1(sc) 550, Cap1 750, Walmart 750, Home Depot 3000, Amazon 700, US Bank 1500, Childrens Place 1100, JC Penney 700, Old Navy 700, PayPal 700, Torrid 700, Lane Bryant 150, Avenue 500, OSP 500, Amex Blue 2000, Disc it 1000, Walmart Disc 2200, Old Navy Visa 1700, Mortgage 09-2012, Car Loan 03-2013



Current Score: EQ 665 EX 687 TU 695


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Regular Contributor
tammyjk
Posts: 161
Registered: ‎02-17-2011
0

Re: Short sale WRITTEN approval is in!!!

Wow I feel lucky!  I got an answer back on my offer in 30 days.  The sellers bank wants a closing no later than Sept 10.  Today finds me filling out all 45 pages of application docs.

March 2011 FICO® ~ 595 TU, 605 EQ, 525 EX
Aug 2012 Lender pulls: 702 TU, 667 EQ, 660 EX
Frequent Contributor
LondonMassey
Posts: 453
Registered: ‎01-03-2012
0

Re: Short sale WRITTEN approval is in!!!

Unfortunately, I went under contract way before they changed the short sale approval times to 30 days. I sign my papers tomorrow!!!

Cap1(sc) 550, Cap1 750, Walmart 750, Home Depot 3000, Amazon 700, US Bank 1500, Childrens Place 1100, JC Penney 700, Old Navy 700, PayPal 700, Torrid 700, Lane Bryant 150, Avenue 500, OSP 500, Amex Blue 2000, Disc it 1000, Walmart Disc 2200, Old Navy Visa 1700, Mortgage 09-2012, Car Loan 03-2013



Current Score: EQ 665 EX 687 TU 695


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New Member
NicoleMichigan
Posts: 6
Registered: ‎08-11-2012
0

Re: Short sale WRITTEN approval is in!!!

Did they run a new credit report? Did you have to provide proof of employment and all that other stuff again? Or did just bank statements do?

Frequent Contributor
LondonMassey
Posts: 453
Registered: ‎01-03-2012
0

Re: Short sale WRITTEN approval is in!!!

I kept everything updated with my LO as far as bank statements and check stubs. As they came in, I faxed them over to her.  She pulled my credit again back in June because of an issue I had with a re-aged collection hitting my reports, but I filed a complaint with the BBB and the CA removed it immediately and my score rebounded.  The LO pulled my credit again when I told her everything was cleared up, which are the scores in my signature.

 

I expect them to pull my credit again before close, but I'm definitely not worried.  I have had 4 paid collections and a paid IRS tax lien removed from my reports, and also had 2 open collections from a car accident that were paid and the CA never changed it on Equifax. So, if anything, my credit has become better.  Even so, I'm looking at a 3.5% rate, which is great.

 

Good luck with your short sale!  I wanted to throw in the towel soooo many times, but everyone here kept me strong.  Just a few more days and I'll find out if my dream comes true!

Cap1(sc) 550, Cap1 750, Walmart 750, Home Depot 3000, Amazon 700, US Bank 1500, Childrens Place 1100, JC Penney 700, Old Navy 700, PayPal 700, Torrid 700, Lane Bryant 150, Avenue 500, OSP 500, Amex Blue 2000, Disc it 1000, Walmart Disc 2200, Old Navy Visa 1700, Mortgage 09-2012, Car Loan 03-2013



Current Score: EQ 665 EX 687 TU 695


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