I know you have your heart set on this house and I hope all goes well. But, if you donâ€™t there are many vary nice homes in the 64152 area and the prices are falling fast. If you are looking for anything over $250k itâ€™s a great time to be buying not much is selling in this price range.
There may have been an addendum that the listing agent or bank required you to sign with your offer which laid out the procedure for offers on the short sale. These often give the bank more flexibility to take back up offers. Remember, the short sale means the bank is taking less for their mortgage than they are owed by the seller. So they are going to do everything they can to reduce the downside. With all of the foreclosurers and short sales, I imagine the banks are overwhelmed. I can also imagine that making a decision on how short to go is a difficult since many lenders have already lost a lot. However, If you are patient it will usually pay off. Good luck!