Asked by Rondog, 92069 • Mon Sep 28, 2009
I entered the journey of buying a short sale in mid july. This sale has gone surprisingly smooth until now. The bank accepted the short sale about a month ago and we are scheduled to close wednesday. Today we were going to sign papers at the escrow office when it was put on halt because the sellers failed to provide some disclosures. They were unreachable all day and when they were finally reached, they were with their attorney.
Now my question is, do you think they are going to file for bankruptcy and cancel this whole deal? Also, is that legal considering we are in a contract (I think [forgive my ignorance, 23 year old first time home buyer here])?
The reason I have that suspicion is their is no sign of them moving out or packing and they are suppose to be out of there in less than two days.
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