Even if they travel with the property, you can rest assured that the Buyer is not interested in paying your fines, unless it is a really good deal for them. Deal with it up front wit hthe Buyer and the Buyes's Attorney.... more
I've answered on your other two posts also. How is your condo being marketed? Is it being marketed to the right prospects? Can a buyer who qualifies easily find your home on the internet? Have you contacted the local affordable housing department? Do they know you have an eligible property for sale?
Trulia is a great place to ask questions and is also a geat resource for buyers and sellers but in order to sell your home and connect with the right buyer, you may need more than just Trulia.
Is your home already listed with a Realtor? -or- are you doing this on your own.. big difference. Realtors that work part time do not really grasp the short sale process and get confused. ( hence the daily changing condition statement) Your Realtor will be / should be acknowledged by you to the bank to deal with them on your behalf and all the questions can be answered through your realtor.
But yes, it can still be accepted.. I had a client that owned a property and confided he was "about" to be in trouble with it.. he was nervous, we submitted all the necessary initial paperwork to the bank ( that I supplied outlines for) that stated to the bank (in January) ... as of April 1... I will NOT be able to pay this mortgage any longer and I will default on this loan and here is why...guess what..
We listed, got an accepted offer 100k under list and closed within 39 days. This also has a lot to do with the communication of a Realtor that understands the process and communication necessary to make the transaction happen.
You may want to contact Bill Holt of Keller Williams:
Profile URL: http://www.trulia.com/profile/id/305723... more
First, You need to confirm that the money is still in escrow. Did you use an attorney? If so, this falls directly on their desk to come to get a resolution. The next option is as was mentioned, through your listing agency to the buyers agency.
Since the buyer has now moved and may be unreachable, whatever legal recourse there may be on your part and whatever legal fees that may be incured by you to make you whole beyond the $2,000 deposit may be spending good money for no return. This is especially true if the buyer has vanished.... more