Upcoming Foreclosures

How long does it take to close on a foreclosure home owned by HUD? 60 days?

Our offer was accepted on a HUD home May 7th. We are STILL waiting on a closing date almost 2 months later. They have had all of our info for weeks now, just waiting on the government, per our realtor. What is the deal??? Why is it taking so long? I know it's the gov't, but GEEZ! Anybody else going/have gone through this same thing?

Public Comments

1. i got a foreclosure home this past December, it took about 3 months, did you make an offer or are you going to pay what they want? the offer takes longer. I would also keep calling your realtor , at least every 3 days, thats what i did, so that way he could keep me posted and wouldnt have an excuse not to get a hold of me. but if you made an offer then the bank has to approve it.
2. in texas, HUD deals close on day 45 after contract has been executed. Your lender is required to have docs to the closing company 7 days in advance of that. If your offer was accepted 5/7. You should have executed it no later than 5/11. Given that time frame +45 days, your close date should be 7/2. Docs should be to the closer from your lender no later than today.