Escrow Duration for Sub To Transactions

[Joseph Hernandez]

Hello. On average, how long does escrow take to close for a pre-foreclosure, sub to transaction? I'm hoping I can find one that can close in 10 days in Elmore County, AL. Thanks.

[Account Closed]

Quote from @Joseph Hernandez:

@Peter Mckernan. Penny Mac is the lender. I don't have more than 10 days to close due to auction date coming soon.  As stated, this is a sub to transaction. Why would there be a need for a hard money loan? Makes no sense. And what is there to review from the lender? All they want is the arrears. Maybe you're not familiar with a sub to? It should be a faster close, right? Buyer is taking over payments. I already have a prelim, which is clean,a payoff demand and the redemption amount.  

Then why are you waiting?