HELP!!! Buying a short sale but needs approval through HUD?

Okay, Place an offer on a small sale home. We were approved by the seller, then I was told we have been approved by the sellers mortgage company, now HUD has to review the paper work and approve the sell.
What does that mean? We are pre approved with a lender and have our ducks in a row, I just need someone who knows something to tell me what it all means before I lose my mind!!! Do we have this home! Should we be plotting to go in the next month Just so confused!!!
The seller approved, The sellers morgage company approved, now it just needs to go through HUD for approval. I was told that HUD was just going to be looking at paper work. and then we could go into contract. I’m just looking for someone who has gone through the process who can clarify the process of getting approval through HUD? How hard is it, after HUD what comes next? Sorry hope this addition helps

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This entry was posted on Thursday, September 24th, 2009 at 2:26 pm and is filed under HUD Approved Lenders. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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One Response to “HELP!!! Buying a short sale but needs approval through HUD?”

Rebecca says:

September 24, 2009 at 2:26 pm

This lending process can last several months sometime but you sound like you ducks are in a row. No one can answer the qquestion of when you can expect to go could be weeks could be months. Excellent luck and hang in there.

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