Home Buying in 20895>Question Details

Dynav01, Home Buyer in 20876

I made an offer on a home and was accepted by the buyer as a backup. My realtor says the bank rejected the offer, should there documentation on this?

Asked by Dynav01, 20876 Fri Sep 10, 2010

Help the community by answering this question:


Victoria Crown’s answer
If you wrote an offer on a short sale, the seller would have accepted the offer subject to the bank's approval. You can request that the listing agent provide something in writing stating that the bank did not accept your offer. Most short sale negotiations are conducted through the Internet, telephone and via fax. Sometimes there is a way to provide documentation, other times there will not be documentation if the bank straight out rejected the offer. At minimum, the listing agent could write a letter and have the seller sign it stating that the bank rejected your offer. Was your offer at market price or below market price?

Victoria Crown
Broker Associate
0 votes Thank Flag Link Fri Sep 10, 2010
Dyna, looks like Vitoria Crown, Miekeba Jones and I are all saying the same thing.
Best of luck
0 votes Thank Flag Link Fri Feb 22, 2013
Hi Dynav01 yes have your Realtor show you proof in writing.
0 votes Thank Flag Link Sun Feb 10, 2013
Vitoria Crown is right, you can request the listing agent provide documented proof of the rejected offer.
0 votes Thank Flag Link Mon Feb 4, 2013
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