Are you working with your own agent or just going through the seller's agent? When pursuing a short sale you want to be certain the selling agent has experience with short sales and with that lender. And it is wise to have your own representation with an agent that is also very experienced in short sales. Short sales can be a great opportunity but you do need patience while pursuing...being surrounded by experience with such transactions can really help. They really could have known sooner that the taxes were not paid. Once a financial stmt is presented to the bank that is what they approve if that changes last minute then they will and can change their mind...so it is back to the beginning.
You should evaluate how much you want the property, your financial stakes at this time and who you are working with to make an educated decision about whether or not to move forward or walk away? If you have questions and do not have your own agent I would be happy to help...jgarinther@kw.com - Mon Jun 1 2009, 05:37