Susan Latham

Hi Stacy,
The BCEP solid waste station is located on Rte 107, 1/4 mile north of Rte 28. See http://www.bcepsolidwaste.com. - Wed Aug 20 2008, 13:29

Hi Meghan,
It's been a long time since you asked this question, but I just saw it today and wanted to put in my nickel's worth. In a short sale situation there are many "chiefs" in the decision making process...the bank will have multiple rungs through the chain of command, as well as in many instances, these homes were purchased with less than 20% down so there is also a private mortgage insurer, or a second mortgage involved as well. I am a little mystified by your deposit being in escrow prior to acceptance. Here in Sullivan Cty, the actual check is not sent or deposited prior to acceptance. A copy goes with the offer, but is held-and not deposited to the buyer's agent's brokers escrow. Any time prior to receiving acceptance a buyer can withdraw an offer with written notice through their agent. Prior to acceptance you have the option to move on, and purchase another property if you like. In short sales, you have to really want the property-and be very patient-giving a drop dead date will almost assuredly not work. You are not liable for a contract that has not been fully executed, and you are not entering into a contract with the bank-but with the current owner of record. You would be looking for something from this owner stating that he/she has received lienholder approval to sell the property at a price that is less than the mtg. amount. You should seek a REALTOR who has had experience in negotiating a short sale for your best chance of success. It is a long and tiresome process, but can be very rewarding in the end. - Wed Aug 20 2008, 12:58