89 views

Lori Vandelac

"Your Trusted Advisor"
  • 6 Answers
  • 4 Listings
Agent at Gateway GMAC

Short sale backup offers

Lori Vandelac answered:
WashingtonState has a short sale addendum to cover this. There is a check box stating whether or not the
seller can accept additional offers. Some lien holders want all offers submitted to them and they make a decision based on bottom line. If you are in back up in the short sale market you must be ready to move when and if the first fails. In my area the original buyer is rarely still interested when the lien holder finally makes their decision. - Wed Dec 10 2008, 15:09

Contact Lori Vandelac

Lori Vandelac is a member of Trulia Voices:

Get the inside scoop on your area and home buying and selling.
Ask and answer questions about real estate.
Build your profile and contact home buyers, sellers and agents.
Flag this profile Report this profile
 
Become a Trulia Voices VIP!
Here’s how:
  • Contribute Often
    It only takes 5 contributions per week to become a VIP!
  • Strive for Quality
    An answer earns you 4 points, but a Best Answer earns you 20 more. You know what to do!
  • Share your Content
    Blog views and comments earn you points as well. Find out how to make your posts popular on Trulia and take action!

Learn more about the Trulia Voices VIP Program.

Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback