There are no rules in short sales. If you want clear title, somebody has to pay those liens. It is possible to go back to the bank, but that can take a long time. If the first approval letter expires, and you don't get a second one, the whole transaction can fall through. Are these big liens, or is it just the principle of the matter for you? As the buyer, you should stand back, take a look at the big picture and bottom line, and decide if, even with paying the outstanding liens, the bottom line is a still a fair price that you are willing to pay for the property. If so, you should just close, be thrilled you got a good deal, and move on with things. Most short sale sellers are not in a position to pay any outstanding liens. That is why they are in this position, in the first place.
We are a professional short sale service and would be happy to explain the process to you. Please call us directly to discuss your specific situation. We look forward to hearing from you.
Eli Givoni, Director
Short Sale Department, LLC
Serving all 50 states
MARS Disclosure for General Commercial Communications
Short Sale Department, LLC is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit.