Can the bank revoke a short sale acceptance offer after escrow has started?

Asked by Jacki O., Napa, CA Wed Apr 20, 2011

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Paul and Chr…, Agent, Bellevue, WA
Wed Apr 20, 2011
Yes they can. I have had an approval, buyer's docs at escrow and the bank then send over a denial contradicting what their approval said and proceeded to foreclose on the home. It does not happen a lot but I have seen this happen.

I hope this helps.

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