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Short sale opinion, please! We put an offer on a short sale on 5/29/08 that was signed by seller in 2-3
days. We learned the 2nd mortgage ok'd the deal by 6/5/08 and the 1st mortgage was 'going along well'. Apparently the 1st mortgage was sold from Capitol 1 to another bank - ? As of today 7/30/08, the BPO has still not been done. Seller's agent says she is calling the bak daily to no avail. Our agent has little experience with short sales. Should we be worried and bail out? How long until we should expect the BPO to be done? Thanks in advance!
