Prudential California Realty
Beverly Hills, CA
We have seen some short sales denied (we handle 20 to 30 short sales a month), but its hard to know why yours was. There are many factors and parties involved in a short sale.
I'm wondering HOW they denied it?
I've had it drag out until the Buyers gave up,
I've had our Offer IGNORED for the longest time,
And I've received an ADDENDUM of some kind; indicating an acceptance:
But I've never heard a NO from the Bank.
Were you in the middle of an Escrow? I seriously doubt it.
And, NO, none of us could ever tell you WHY; what about your Realtor?
We have no idea of the circumstances of your transaction including what may have happened before and since you got into contract.
I will be cynical enough to suggest that cash buyers often believe that they are entitled to a substantial discount. If your offer was substantially below the market value of the property that could be the cause for the failure of your deal.