Good luck to you.
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You have some options though... there are other things you could do to purchase but the way it sounds from your statement you are limited.
You need to thing of this issue in your own world. You purchase a house and are making payments on a house that you are trying to sell. So now you have two mortgage payments that you really can not afford! What would you do if someone says I want to offer you x but need to sell and close my house. Would you like to know when you will close? What happens if the buyer does not get as much as he thinks the house is worth? Will he want to re-negotiate? How much money have you lost on payments waiting to find out they may not be able to afford the property.
Hope this helps you understand the banks position.
First Weber Group
Certified Distressed Property Expert
hope this help
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