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Amy

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Amy's Questions (2)

Amy's Answers (2)

When does shorts sales contract expires?

Asked Fri Jul 18 2008, 16:47 by Amy - 33426 - Home Buying - 11 answers
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what is the next step after pending?

Asked Sat May 24 2008, 17:07 by Amy - West Palm Beach - Home Buying - 12 answers
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When does shorts sales contract expires?

Asked Fri Jul 18 2008, 16:47 by Amy - 33426 - Home Buying - 11 answers

Amy answered:

Thank you Matt for that information. Both parties signed the Short sale Addedum, the seller cross off the time period of the first box. But signed the bottom of the form.
Does this mean I am stuck with this contract for months or years until the lender decides to approve it or decline it?

Thank you
Amy - Sun Jul 20 2008, 06:46

"subject to 3rd party approval"? yes it does. What does it that mean?

Sorry the bank has NOT accept the offer yet. The sellers realtors stated that the bank is working on the file and this has been from the last week in May. - Sat Jul 19 2008, 10:13

Additonal information. Sorry.

The bank has NOT accepted the offer. The seller and I agree on the amount in April 08 which at that time is a $100,000 hit on the property, The sellers realtor stated their is no back up offers. The house now has another LP on the property. I have contact a attorney and they wrote a letter to the seller and sellers realtor that the deal was dead. But my realtor stated the seller needs to sign of the release form of the contract and escrow....

I am very confused. Any suggestions?

Thank you
Amy - Sat Jul 19 2008, 06:07

what is the next step after pending?

Asked Sat May 24 2008, 17:07 by Amy - West Palm Beach - Home Buying - 12 answers

Amy answered:

Additonal question:
How long does it take for the seller's lender to approve the short sale?
Thanx Amy - Sun Jun 1 2008, 07:38

Addition to my posting:

This is a short sale. I have already completed the inspections a couple of weeks ago. The sellers broker just changed it to "pending" this week. But, We haven't heard back that the sellers lender approved it.

Is this normal for the sellers broker to place "pending" if we haven't heard back from the sellers lender?

Thank you
Amy - Sat May 24 2008, 18:05

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Amy

When does shorts sales contract expires?

what is the next step after pending?

When does shorts sales contract expires?

what is the next step after pending?

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