Asked by Bj Kenyon, Rancho Mirage, CA • Tue Nov 1, 2011
We made an offer on a short sale. We were told it would take up to thirty day's to hear back from the bank. The realtor we are using said he submit our offer on Monday and called us back within three hours and told us that the bank had not accept the offer because it was below the floor amount that the bank had set of $550K. Is this possible that the bank responded that quickly or is more likely that the offer wasn't even submitted?
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