Can A Seller Back Out Of A Short Sale Agreement: Home Buying All Locations : Advice

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Neal Farrell, Real Estate Pro in Peoria, AZ
Neal Farrell answered:
Shouldn't the realtor be finding us a house?
Hi Jennifer,
That's certainly not acceptable. What are you looking for and what price? There's a good chance that the homes are sold already but it's not that hard to return a cal ... more
0 votes Share Flag Mon Oct 15, 2012 Home Buying in Peoria
tim moore, Real Estate Pro in Nags Head, NC
tim moore answered:
Lender Cancellation, even after initial approval, of short sale property
You can be believing and wondering. You need to speak to someone that can tell you for sure what is going on. If there was a contract to buy and sell and if all the signatures were ther ... more
0 votes Share Flag Tue Jun 5, 2012 Home Buying in Las Vegas
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
Can a seller back out of a contract?
Definitely a question for a Real Estate Attorney.

Realtors cannot get into LEGAL.

Good luck and may God bless
0 votes Share Flag Fri Jun 8, 2012 Home Buying in New York
Steven Rico, Real Estate Pro in San Antonio, TX
Steven Rico answered:
how do I find sellers that offer owner financing for people that cant obtain traditional loans? How does owner financing work exactly?
I can find properties like this for you. I have a listing now in southeast San Antonio that requires 10k down with a balloon payment in 3 years. Email your contact info to soldbyrico@ya ... more
0 votes Share Flag Thu Jun 28, 2012 Home Buying in San Antonio
Bruce Ailion, Real Estate Pro in Marietta, GA
Bruce Ailion answered:
REO problems and questions?
Welcome to REO, you should have a compent REALTOR who can advise you. There are many reasons to explain this behavior from the seller learning through the first buyer's inspections tha ... more
0 votes Share Flag Thu Jun 7, 2012 Home Buying in Atlanta
Thom Colby 8…, Real Estate Pro in Newport Beach, CA
Thom Colby 888-391-5245 answered:
Waiting for short sale addendum to be signed by seller, 17 days now. How long should I wait?
Sit down with your agent and ask for a status. Only your agent can help you.
0 votes Share Flag Sat Jun 16, 2012 Home Buying in Garden Grove
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
What are my options when a seller is trying to cancel the purchase agreement through release contract? ...
Much will depend on your contract, therefore review the document, and or consult with an attorney who specializes in real estate....
0 votes Share Flag Sun Oct 14, 2012 Home Buying in Brighton
Rodney Mason, Real Estate Pro in Atlanta, GA
Rodney Mason answered:
I paid $2000 earnest money my closing date passed. Financing didnt go thru. Sell ... return $1500 of the money. How can get all my money? ...
You would need to consult with your Buyer's Agent. Only they will know the terms of your contract under which you might be entitled to a refund of your earnest money.

Only an Unde ... more
0 votes Share Flag Thu Jun 7, 2012 Home Buying in 30310
Bruce Henry, Real Estate Pro in Fort Lauderdale, FL
Bruce Henry answered:
How can i find properties for sale within gated communities in Fort Lauderdale?
I would be happy to help you find rental properties within gated communities here in Fort Lauderdale / Broward County. Contact me and let's discuss specifics.
Bruce Henry
Kell ... more
0 votes Share Flag Thu May 31, 2012 Home Buying in Fort Lauderdale
Laura Feghali, Real Estate Pro in Stamford, CT
Laura Feghali answered:
If I make a offer on a home and after inspection find out that there is alot of repairs needed can I lower m ...
Hello New Homebuyer,
If you discover many needed repairs after your home inspection, then it is usual to request that the seller make these repairs or you can ask for a credit at clo ... more
0 votes Share Flag Mon Jun 9, 2014 Home Buying in 11550
Suzanne MacD…, Real Estate Pro in 07856
Suzanne MacDowell answered:
Listing agent will not cobroke, should the buyer agent contact seller directly?
Unless you want to pay your agent the buyer's commission you have no choice. It is possible to pay sign a buyer's agency agreement and agree to pay your own agent, then simply lower yo ... more
0 votes Share Flag Mon Jun 4, 2012 Home Buying in Brooklyn
Patric Carpe…, Real Estate Pro in Sacramento, CA
Patric Carpenter answered:
sign a contingency removal form?
No. A seller is obligated to perform the repairs once they sign that form. HOWEVER, in order to comply, they only need to make the repairs prior to the close of escrow. If you back out ... more
0 votes Share Flag Tue May 29, 2012 Home Buying in Sacramento
Emily S. Kne…, Real Estate Pro in Huntington Beach, CA
Emily S. Knell answered:
Short Sale "as-is" - negotiator recommended deal change not repair credit?
Yes, the bank will not give you credit for repairs.

You need to weigh the deal you're getting on the house vs. current values of Standard Equity sales, in the present as-is condition ... more
0 votes Share Flag Tue May 29, 2012 Home Buying in Los Angeles
Jim Teak, Real Estate Pro in San Diego County, CA
Jim Teak answered:
If the bank approves a short sale can the seller decline to sign the approval letter and let it foreclose ...
Most Assuredly!~
Your S/S Specialist!~
0 votes Share Flag Tue Jun 19, 2012 Home Buying in San Diego
Laura Coffey, Real Estate Pro in Valencia, CA
Laura Coffey answered:
Is there a difference between Realtor and Broker Associate? Who do I go with?
Being a broker means you have done extra education and have a higher license than a Realtor associate. A Realtor hangs there license with a broker who overseas and is responsible for a ... more
0 votes Share Flag Fri Nov 8, 2013 Home Buying in Fremont
Fred Yancy,…, Real Estate Pro in Woodstock, GA
Fred Yancy, Broker answered:
How does the Real Estate Agent Relationship work?
You are not obligated to stay with her. Here is what you can and should expect from a Realtor:

You’ll have an expert to guide you through the process. Buying or selling a hom ... more
0 votes Share Flag Tue Mar 11, 2014 Home Buying in Atlanta
Ed Bangle, Real Estate Pro in Los Gatos, CA
Ed Bangle answered:
I am looking to possibly sell my home in the Alum Rock area and relocate to a to ... a better area of Campbell or Willow Glen. ...
Hi Barbara,
I live in Campbell and work here as well. Also, I've sold homes in Alum Rock.
You have great timing! Homes in Alum Rock are selling quickly and there are several homes i ... more
0 votes Share Flag Wed Oct 24, 2012 Home Buying in Campbell
Lee Turner, Real Estate Pro in 19609
Lee Turner answered:
Why does a buyer have to pay a large short sale negotiation fee?
Buyer does not necessarily have to pay a fee above and beyond standard closing costs. There are a couple of real estate firms that, for reasons I do not agree with, take listings, the ... more
0 votes Share Flag Tue May 22, 2012 Home Buying in Fleetwood
Ute Ferdig -…, Real Estate Pro in Newcastle, CA
Ute Ferdig - Atty. Negotiator answered:
what does sale pending or under contract mean?
Hello Crystal. Sale pending means that someone made an offer on the property and the seller accepted it. Under contract means the same thing. You can still make a backup offer on a p ... more
0 votes Share Flag Tue Mar 25, 2014 Home Buying in 95661
Jim Olive, Real Estate Pro in Key West, FL
Jim Olive answered:
What's the difference between a realtor and a used car salesman?
Depends on the market. In a market like Key West, the properties sell themselves. I imagine in places where there are lots of properties, all alike, there are probably some slick sale ... more
0 votes Share Flag Fri Nov 7, 2014 Home Buying
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