Where's your agent?
And if you don't have one at least get an attorney.
These are questions that someone with knowledge of your transaction should be handling.
One detail slipping through the cracks could cost you thousands!
Hire someone to protect your best interests!
Rebekah Owen, MBA
Short Sale Specialist
Frank Howard Allen Realtors
Dont panic, the short wont be canceled at all, the listing agent just need to extend the listing on the mls. hope you get you short approval soon.
Intero Real Estate
This situation I have come across often since i am a short sale and foreclosure expert.
The seller simply extends the listing to the closing date. Should not be an issue.
The bank will be aware that the listing is expiring soon and they will instruct the listing agent to extend the listing or if all else fails your closing attorney can ask for an extension.
Now,. if the seller has a law date (a date when the bank will take possession of the property-strict foreclosure) then and only then does the attorney asks for an extension because there is an offer being worked on.
I would just keep close contact with my realtor.
Good Luck with you home purchase!
Betty Stroll ABR,GRI,CIPS,SFR
William Raveis Real Estate
The offer that you made is an agreement between yourself and the seller of the property regarding property purchase.
The listing agreement is between the seller and the listing agent and is basically an agreement for the agent to be paid for their work.
Your offer should not be affected as it's separate to the listing agent's agreement.
If the listing agent wants to be paid for introducing you, however, they may wish to notify the seller in writing that you were introduced during the time period that the listing agreement was in force. Similarly, if you're dealing with your own agent, that person might want to confirm their rights inder the Agreement, as they're probably more at risk of losing out than you are.