Your real estate agent if you are working with one, should be able to find out the status of this property.
Please contact your agent or if your not working with an agent, I would be happy to help you.
When you say you "bid on it" does that mean you used a Realtor?? If so, the Realtor should have researched it to see what happened, since it was not acknowledged by the Listing Agent/Bank.
If you are not working with a Realtor, I can lookk into the property to see what the status is if you like.
You can contact me at email@example.com or at the number below.
The short sale requires approval of both the buyer's offer and the seller's situation, including an evaluation of how much net proceeds the bank will receive from the sale. The short sale listing price is somewhat meaningless - it is the price at which the realtor assumes that buyers will present offers, but it is not a price that the bank has agreed to accept (unless the property has been in escrow before with a different buyer).
Without knowing the timeframes involved, it's hard to know whether the bank has rejected all offers or if the processing time is just slow. Countrywide will typically take anywhere from 30 to 90 days to respond to a short sale offer, so you may just need to be a bit more patient. Have your realtor contact the listing agent to see if there are any updates as to the status - the listing agent can call and find out whether the offer is on the negotiator's desk or whether it has been rejected.
Foreclosures have been on hold the last few weeks due to the holidays -- we should start seeing the banks moving towards foreclosures again soon. If you'd like to provide me with the address, I'll be happy to check and see if a foreclosure is pending, or if there is a price that the bank will accept in a short sale situation.
Tamara Stoebe, REALTORÂ®, QSCÂ®
Troth REALTORSÂ® GMAC Real Estate
1801 W. Ave. K, Ste. 101
Lancaster, CA 93534
Phone: (661) 466-6849
Fax: (661) 422-3006