Thanks to all of you who responded! Your attention was more than expected. I was only curious to know what my options were since, since I believe that the realtors short sale offer was too high! I don't think I ever got an answer to my question though, about the option. If the bank accepts the offer made by the Realtor before the Realtor has a buyer, is the Realtor required to close or is this an option? If this was answered and I missed it, I apologize. It is my understanding that if the Realtor made an offer to the the Mortgage company, then He/She must also have a contract with the homeowner.
Also, I guess I failed to mention that my Realtor daughter is studying in Indiana!! - Tue May 20 2008, 00:12
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.