Asked by Doghouse1, 05751 • Wed May 23, 2012
I put an offer in on a short sale property. I was told the bank had to approve the offer, and that I should wait for that to happen. The bank approved my offer, and stated that the seller would need to sign a 5k promissory note for the sale to go through. After this approval (and the seller's agreement) I had an inspection done. I was recently told we are waiting for the bank to put the offer in writing...What is the point of them approving the sale if it needs to be re-approved in writing??? Additionally although I know a BPO was done a while ago on the property, I'm not being told another BPO needs to be done since the last one was over 120 days ago... Which again begs the question of how the sale was approved.
Would the bank just be able to change something at this point?? Or are they just delaying this to try to play real estate agent longer?
Additionally I am buying (or trying to buy) this house in cash.
Real Estate in Killington
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