Asked by Davew, Pasadena, CA • Wed Nov 4, 2009
We found the house on Redfin and our Realtor also found the same listing on his MLS. After looking at the house a few times and thinking it over, we decided to put an offer on the house only to discover that the bank wasn't accepting offers as the bank hasn't approved the short sale yet. The house has been listed for 149 days at this point. The current owner and that's putting it mildly purchased the house with no money down, and i don't know if this has any effect on the situation. At this point, our Realtor told us to put this house on the back burner. However, Id liked to know if there is anything we can do to coax the bank into pushing this along, as we seriously would like to purchase this house. I feel our agent , although honest and sincere , is uneducated in the short sale process and also the listing agent when confronted by our agent told us to put more money down (we are putting 30 percent down) to coax the bank into giving in. Please assist thanks.
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