Asked by Kristin, Littleton, CO • Thu Oct 25, 2012
We put an offer in on a short sale and the seller accepted our offer. We executed the contract, however, never asked to sign the short sale addendum. Now I was told by my agent that the seller received 6 offers higher than ours. The short sale is thru Wells Fargo - is there going to be a problem with us not having a signed short sale addendum? The short sale addendum states that the seller and withdrawl from the deal for any reason and we certainly dont want this to happen so that the seller and submit a higher offer than ours. It has been 2 months now we have been waiting and we were told yesterday that the BPO has been requested. I have 2 questions:
1. Since we have a signed contract with the seller can they force us to sign the short sale affidavit?
2. Can the seller submit all of the offers to the bank or only ours since we are the only ones under contract?
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