Well, it is in the bank's hands. Most often these things cannot be hurried. If everything that can be done has been done, all you have is waiting. Whether the listing agent has done what they need to really can be confirmed. The short sale agents I work with do give weekly status updates but they also grow very tired of people calling and harassing them when they've told them all they know. These take lots of time.

Agents cancel and relist often... it is a way to drive new/renewed interest to the house. Agents can pull history and see it has been relisted. As long as the listing agent doesn't tell someone "it was just put on the market this week" then they are fine. They are there to do the best they can for the Seller.

My experience shows only about 1 in 3 short sales come together because often the buyer loses patience, gets outbid, or the bank rejects the short sale. It's not a fun experience but it sounds like the house is worth it.

I do have an agent. But there seems to be a disconnect between me the buyer and the bank. My agent and the listing agent are playing possum saying it is in the banks hands and to just wait. How can i be sure the listing agent has done her job. From what i have read it is all about experience and communication. So far the listing agent has been really hard to get a hold of and has no information which makes me think she has not done her job. Shouldnt she be reassuring us that everything has been submitted properly and to just sit tight? We hear nothing. My agent checks weekly. I would gladly offer on another house if soemthing would come up in our price range but new listings are hard to come by. As far as "new listing" it came back on the market same agent, same price but now you cannot see that it was on the market for over 200 days and the price has dropped to the current asking rpice.

T-

I think you are referring to a short sale again. Based on your questions it isn't clear if you have an agent representing you or not. If you do, I strongly urge you to sit down with him/her and talk about this whole process better... there seems to be some explanations that are missing. If you don't have an agent, this is yet another reason why you should.

In regards to a property being re-listed, there has to be contract signed in order for it to be a 'new listing'. If it's bank owned and the listing expired, the bank might be trying to list with another agent. There could be a variety of factors that are impacting the house going back on the market.

the bank sets the price on a listing from what data they receive from a BPO and appraisal. Some banks are listing property at such low prices in hopes of generating multiple offers. A lot of bank owned home around the metro area are seeing multiple offers.