If i put an offer on an approved short sale for 300k and the lsiting price was 295 can I get the 5k back
for closing cost or will this delay everything? I have enough for the FHA program but I'm sure there will be closing cost as well and I want the bank to help me out.
Answers (1)
FIRST ANSWER
Once the bank accepts your 300K offer you are pretty much legally bound to that. Basically you chose to offer above listing price and you really can't renege now. You would be in breach of contract as far as i can see.However yu might want to consult your agent or a real estate attorney for a more accurate answer. if the bank is in a multiple offer situation,they will probably reject your request.
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