"Short Sales" are known to take an exceptionally long period of time. Sadly, you are presently experiencing one of the premier reasons why this is the case. We have heard of cases where people have waited 6-8 months to hear something. It's a matter of creating a pool of interested parties and selecting the one willing to pay the highest amount. The fact that you have a deposit tied up and time invested makes no difference to banks.
In my opinion this treatment is unfair and a reason why today's buyers need to be educated with regards to this form of real estate transaction.
Many of today's buyers being caught up in the short sale/foreclosure hype are missing out on equally good or better opportunities with clean sales. The reality of a buyer's market exceeds far beyond these sales.
The Eckler Team
Venice, Fl 34285
This way you are in better control and can start looking at homes which are available right now, not when some bank shrugs its shoulders and hesitantly nods. Good luck and all the best!
ERA The Norton Group
You could wait for many more months and STILL not get accepted, so there is nothing to lose. In Florida, the law says that up and until an offer is signed and accepted by the seller, the buyer can withdraw and get their money back.
Can't hurt to try! It's worked for me a couple of times. Tell them you'd love to buy this house, but you'd like to move in while you are still young enough to enjoy it ;-) otherwise, you have no alternative but to WAIT until they make up their mind and months later, you may not win the bid.
I agree with Bill, you are probably missing the boat on a lot of great opportunities right now. Take control back and let the chips fall where they may is my .02.
As long as the bank does not accept any offer yes others can come in. Now usually depending on the banks guidelines they will inform all parties to resubmit there highest and best bid. Of course some banks will simply chose the highest bid. It comes down the that instiutions guidelines.
Coldwell Banker Triad