James022880

I feel your pain. I made an offer for a short sale on 1/1 and was told nearly 2 weeks later the auction and foreclosure process had been stopped and the bank was reviewing the offer. Since then....nada. The bank hasn't provided a spec of information since and I'm growing increasingly agitated. The bank has already cost me several thousand dollars (my approved interest rate was significantly lower, I qualified for a first time buyer program worth about $10,000, my apartment lease was up). Not to mention the house is sitting there rotting away and has suffered from more depreciation.

I'm back out and looking again. Even if the bank comes back and says it's approved, I might request they chop off an additional $5,000 or they can foreclose. Any ideas what happens at that point?

Either way, that house is pretty much dead to me! Good luck and I look forward to hearing how it works out for you. - Sun Feb 17 2008, 17:42