Asked by Britt Grotheet, • Sat Feb 9, 2013
4 months ago (Oct 6, 2012)we made an offer on a short sale house. Seller accepted our offer. Offer was presented to the bank. BPO was done at beginning of Jan 2013. We have been waiting and waiting to hear from the bank. 2 weeks ago our agent began to pressure the sellers agent. Sellers agent responds with the statement that the seller has not been responding to the banks request for certain paperwork. This week we get
The news that as of Jan 29th 2013 the house is in foreclosure and the auction date is set for March 7 2013. Our agent states that the sellers agent now had 2 weeks to get the foreclosure postponed or it's done...the house will go to auction on March7th. My question is... What about our offer? Why have we heard nothing from the bank about our offer. Not a rejection. Not a counter. Nothing. Isn't it in the banks beat interest to try to sell it as a short sale vs a foreclosure? Or is the bank stuck because the seller is being uncooperative?
Real Estate in Annapolis
Popular Categories in Annapolis
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!