Short sale approved by first lender Chase but...Experts,I had written an offer on a short sale which has been approved by first lender Chase Seller is covered under HAFA. Chase gave us 30 days to close. Just today after this approval case the sellers agent found that the second lender Bank of America which held the second loan has sold the loan to a collection agency by mistake and now the sellers agent has to submit documents to the collection agency so that they return the loan documents to BofA and short sale goes through..Questions are:1. Is it normal to have these kind of instances?2. What the worst case scenario in this case. Is it possible I may not get this house? what is that scenario?3. How long can this clarification to the second loan holder, BofA take and shall we be able to close within the time given by chase?September 15 2011 - Fremont00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.