First, any property with both a first and a second mortgage as a short sale adds to the "degree of difficulty" in completing a transaction.

Banks are on their own schedule and can transition a home for short sale to foreclosure status as they see fit.

If you were going to court, would you feel comfortable having the other party's attorney represent you also? Certainly not because of an obvious "conflict of interest." With the real estate, this conflict may not be as obvious but don't bet that it doesn't exist.

Good luck
The Eckler Team

GREAT QUESTION:

Always have your own agent never purchase direct from listing agent.

Bank can stop a short sale to a foreclosure at anytime including day of sale, each property stands alone,.

Anticipate drama if you are purchasing from a foreclosure or short sale not due to agents bank way of doing business.

National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
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Lynn911