I have a SS where a Veteran is a buyer. Got the FHA participation letter, offer matching BPO value, all docs complete. Can't get the approval letter from the bank for more than a month! If they delay approval process even for 2 more days a Veteran loses his loan, has to vacate rental because did not extend a lease. Underwriter for his loan fully cooperates,
will give a clear to close as soon as she gets the approval letter. I sent begging letters to bank's negotiator. Nothing!
Veterans put their lives at risk every day for us, is there any one at the Bank of America who cares about them?
Where could I get help with this approval ?
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We've got the same issue, however, we have been working on it for nearly a year. Buyer is hanging in, don't know why. Checked the house today and it is now posted as vacant and winterized. Have verbal approval on the short sale but even after sending in several HUD's, all we get are closing delays. Can't seem to get the ok letter from BOA.I too appreciate any help I can get.