I have been trying to sell my home as a Short Sale for over 2 years. The bank either never responded to the offers or in the last instance......the bank set the asking price. A buyer came in at full asking price. He patiently waited for months only to be told when we thought a closing was imminent that they upped the asking price by $9,000. He walked away. If I was a buyer, I'd stay away from a Short Sale!
As the seller, within 24 hours, I submitted to my attorney every document the bank asked for. It was not me that held this Short Sale up, as the house has been vacant for over 2 years and I just want it sold and off my shoulders. There seems to be no control over what the bank does. I've called every agency I thought would be of help, including my Congressman to no avail. The last contract was signed the beginning of Feb for $1,000 over the banks asking price and a cash offer. Just wondering how the bank will screw this sale up.