Asked by Bryan, California • Sun Aug 5, 2012
I was in contract on a short sale and am now past the closing date. I needed 3 extra days to close my loan. (I never released my financing contingency.) Both the short sale lender's approval has expired as has my contract with the seller. My realtor is telling me I can still close even without a formal extension from the seller or lender, as long as none of the parties cancel and the seller doesn't issue a notice to perform. Is this true? It seems that the seller isn't even authorized to sell to me anymore at the price the lender previously approved.
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