My first question is two fold. Have you received a copy of an accepted offer signed by the seller and 2nd - have you opened escrow? Ask your agent this.
Nothing seems weird about your description - except an agent who may not be good at updating your agent. There quite possibly has been no updates (but this also is a red flag for the listing agent not knowing what they're doing).
If you opened escrow and have received an accepted offer, your offer was most likely submitted.
NO the banks do not give a confirmation letter or note after the listing agent submits these offers.
You should OPEN ESCROW as that plus an accepted offer should be proof enough.
NO you nor your agent cannot directly speak to the lender.
You should just keep waiting it out. It really sounds more like your frustration is with the short sale process than the seller's agent.
No, you nor your agent can talk with the Seller's Lender because the Seller signed an Authorization for their Lender to Communicate with their Agent. Since there is not a signed authorization to you or your agent the Lender will not talk with you.
There is probably some email communication between the agent and the Lender. Since there is concern on your part your agent should contact the listing agent's Broker and discuss what they can give to you to give you peace of mind.
These things do take time. Some Banks and some Agents are much better at the process than others.
All the best to you.
Sounds to me like you are getting the run-around. Sorry to hear that.
Ask your agent to find out if there's a "Lis Pendens." If the bank has initiated foreclosure proceedings, it may be too late to get a short sale done.
Don't let your affection for this property cloud your judgement.... if your offer expires next month, go and take a look at the competition.
2. There should be some email traffic from the lender showing the project is in motion.
3. Ask the listing broker for permission to communicate with the seller and lender. If says yes, then it is okay. If he says no, go back to 1 and 2, above. If he does not answer, contact the seller and lender.
However, as others have mentioned, you can ask for email or fax proof of communication of the offer. Again if escrow was opened (and any deposit made), you likely have an accepted offer. It does seem odd that the seller didn't sign until July, I agree.
As far as "accidentally" listing the property again-was that on MLS or a syndication site (Zillow, Trulia, etc.)? If MLS, that is a red flag. If a syndication site, that is usually due to how those sites refresh data, which can be automatic.
For your questions:
1) Ask directly, and then ask for email or fax confirmation of offer being sent. (There is not likely to be a confirmation of it being rece3ived).
3) See #1, ask for email or fax confirmation of offer being sent.
Keep in mind that the seller agent won't get paid until this is a completed sale, so he or she should remain motivated. However I tell my clients to be prepared for a short sale to take 9 months.
I hope you've made progress since asking these questions. Please let us know.
Is there a 2nd there? If the seller has a 2nd loan then it will take longer to get approve.
Did your agent explain to you that short sale take a couple months to be approved? I have a short sale from the end of April we finally about to get the final approval. I do not understand why your offer is sent in March 2012 and the seller accepted on July 2012. Is it possible the seller delay the short sale process so the seller will get longer free living opportunity.
Keller Williams Realty Cupertino
Unless your offer has an expiration date, the seller has little urgency to accept it. However with a short sale the lender is unlikely to approve it until he believes there is little likelihood of the property being sold for more money.
Home prices have climbed steadily this year. The lender may not want to accept a short sale. See Cupertino real estate statistics at:
You should be able to find out if your offer has been declined or if it is still being considered.
No. 3 agent nationwide at Keller Williams