Short sale transactions can be frustrating and some never close due to circumstances that have nothing to do with the buyer.

Here is a blog post detailing the questions you and your Realtor should ask when buying a short sale property: http://www.gulfreturns.com/2008/09/buyer-tip-short-sale-ques…

Good luck with your transaction!

Dear Neal,

I understand your frustration. I recently worked with a buyer that we either attempted or actually wrote contracts on EIGHT properties before we lucked into one that the sale had already been approved by the bank and the previous buyer pulled out. Unfortunately, your escrow check being cashed has nothing to do with the bank accepting or not accepting your offer. When you submit an offer on a property, you include your escrow, or good faith deposit and your agent has to turn that into their company for deposit, generally within 48 hours of receipt. How escrow deposits are handled is completely independent from the bank accepting or not accepting (or taking their time) your offer. It is held by a neutral third party until closing time or dispersed back to you. In our case, the title company held the check through all eight contracts and when we finally went to closing it was dispersed to the closing company. HANG IN THERE!

Who knows we Realtors want this madness stopped

its so very unfair