Asked by Sarah Gee, Mariposa, CA • Sun Apr 25, 2010
Some friends of ours are selling their house as a short sale in California. They really want us to buy it, and we do, too! It was listed at 209k, we offered 190k, and they accepted. All parties signed a contract... with contingencies. Contingencies include home inspection, pest inspection, and approval from seller's bank. My question is: are we in escrow yet? (Time IS of the essence: we need to be in escrow by April 30th in order to qualify for the federal tax credit.) Thanks!
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