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is anyone a real estate lawyer or agent that has worked with short sales. fh and i have lots of questions.
congrats! i know that the process is a l0ong one and we really dont mind, it just seems like such a shady process
I agree!! I originally thought that 'short sale' meant that it would be quick, but I was informed that it means that the people selling are selling it for less than what they owe...I guess they'd rather take a few thousand dollars loss than have to hold on to it and lose even more...
we were waiting for the bank to approve an offer we made on a house back in June.....this past Monday our offer contract expired and we declined re-signing.....we found another short sale and we might make an offer on this other house......it takes a long time....we waited 3 months and didn't hear anything - we didn't mind the waiting part, once a week we would get an update and we were getting close to getting an answer but it just so happens that we found something better while we were waiting so that is why we decided not to re-sign and give the bank more time....we might make an offer on the second house but the bank already has approved an amount (so we have to offer that amount or else it wont be accepted) so chances are there wont be so much waiting - problem is we dont want to close until after our wedding.....so not sure what we are going to do yet....
4 offers have been accepted in the past 9 months but all have fallen through in the end. the house needs a lot of tlc. the people basically neglected the inside and worked on the outside, so i think that when the mortgage company sends their appraiser to the house, they must see something sketchy. fh and i love/want to put an offer, but we feel that we dont know enough.
Posted by Future Mulligan
we were waiting for the bank to approve an offer we made on a house back in June.....this past Monday our offer contract expired and we declined re-signing.....we found another short sale and we might make an offer on this other house......it takes a long time....we waited 3 months and didn't hear anything - we didn't mind the waiting part, once a week we would get an update and we were getting close to getting an answer but it just so happens that we found something better while we were waiting so that is why we decided not to re-sign and give the bank more time....we might make an offer on the second house but the bank already has approved an amount (so we have to offer that amount or else it wont be accepted) so chances are there wont be so much waiting - problem is we dont want to close until after our wedding.....so not sure what we are going to do yet....
Posted by he gives me butterflies
Posted by Future Mulligan
we were waiting for the bank to approve an offer we made on a house back in June.....this past Monday our offer contract expired and we declined re-signing.....we found another short sale and we might make an offer on this other house......it takes a long time....we waited 3 months and didn't hear anything - we didn't mind the waiting part, once a week we would get an update and we were getting close to getting an answer but it just so happens that we found something better while we were waiting so that is why we decided not to re-sign and give the bank more time....we might make an offer on the second house but the bank already has approved an amount (so we have to offer that amount or else it wont be accepted) so chances are there wont be so much waiting - problem is we dont want to close until after our wedding.....so not sure what we are going to do yet....
wow, good luck. did your bank or their bank expire the contract?
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