Asked by Amuckamuck, 02860 • Wed Feb 24, 2010
I put an offer on a house that is NOT a short sale. I was told that if it was not an asking price offer the property/terms of sale would likely convert to a short sale. So I made an offer slightly over asking price just to avoid that. Then I was told that the bank has to approve the offer (the realtor said something about the offer being close in price to the pay off amount so the bank just has to verify that it exceeds that amount and once it does, everything should be fine). In the meantime, though, I am closing on the sale of my current home and will have no where to live if this doesn't move quickly. Has anyone ever heard of this happening?
Real Estate in Pawtucket
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