Our seller wants mortgage approval in 14 days but our...
...lender says we need 30.Why the rush? We are buying a foreclosed home. We have a purchase agreement in place but the seller(bank) wants us to have full mortgage approval in 14 days. Our lender is saying it's going to take 30 because they need an appraisal. The seller is refusing to negotiate this. Why would they jeopardize a deal for what seems like a ridiculous condition?they want full approval withing 14 days. Our lender says it'll take that long for the appraisal to happen and another week or two for approval.Closing in 33 days.
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