As I’m getting ready to buy a second home for a rental property, I am absolutely flabbergasted at how freaking long it is taking for a loan approval.  Literally, it has been a solid month!  I mean, in this day and age, how can Bank Of America take so long? 

 I thought that with the internet and all the telemarketing consultants that quotes were given in record time.  I mean, I could have bailed a long time ago for one of their competitors-doesn’t their inside sales consultant tell them that?  I know the mortgage industry is incredibly busy right now with everyone financing, but I would appreciate some kind of answer, even if it’s a “no.”

 And to complicate things, the home we’re trying to buy is a HUD home.  We already got turned down by one band for a “HUD loan,” and then we just turned to this woman at B of A because she was familiar with one of the proposed buyers and maybe could find a way.  But we aren’t approved yet, and we’re supposed to close by March 20!  And I anticipate more delays since California is really not supposed to process a loan on a HUD home that’s in Colorado!

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