Asked by Muffinsaregood, Los Angeles, CA • Thu Jun 14, 2012
My parents put in an offer for a short sale on May 18, 2012. How long should it take? I know they've speeded things up a bit but does anybody have any experience since their April (when they said they wanted to limit their s.s. decision time to less than three weeks) change?
Also the mortage lady (sorry don't know the proper name) said there was another offer on the house as well but she informed us we had a better credit score. Can the bank accept other offers instead and not ours?
Another detail that I found quite weird was that the listing agent (also our realtor?) said "I know the bank will take X amount". So she basically chose the offer for my parents. Is that peculiar? Also, should she be informing us of how the process is going? We've tried calling her each day for the last week and she doesn't answer, or could it be she just doesn't have any new information.
Sorry for all the questions but we really want to buy this house.Thanks for any information.
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