Asked by Elizabeth, Wimington • Sat Jan 24, 2009
The bank has had my offer for a week and has already scheduled an appraisal for Monday. The offer has been given to the short sale team who is crunching numbers, but has not been assigned to any one person in particular and it takes 45 days to get an answer back. According to my agent we are in the 45 day period which should have has us closed first week of March. Additionally, I have a signed contract with the seller and the property is now listed as off market Sale Pending with no other accepted offers. Is this typical short sale behavior or do I have reason to be hopeful that this thing might actually go through?
Some other information. The owner has only had the property for a year. Loan was for 153k, and the list price was 124k. My seller accepted offer was 115k.
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