Asked by Dan, Upland, CA • Wed Oct 17, 2012
Short sale approval letter does not state any specific terms like Buyer needs to pay for Termite inspection, Home Warranty, no repairs to be made, a specific escrow company, a specific title company, instead of 17 day inspection contingency is now only 5 days plus 15 other items...all the stuff demanded by the counteroffer.
It has been a week and escrow hasn't started. Utilities turned off so I can't inspect. Seller won't start escrow.
Do I counter their counter or does that give them an "out?" Do I do nothing? If so, I assume that they cannot randomly cancel the RPA until day 19 (original 17 day contingency plus 2 day NBP)? Options? Lender notorious for never extending foreclosure date (its now day 91 after NOD but no Notice of Trustee Sale out yet).
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