Question about a Short Sale

Asked by Sarah, Orlando, FL Sun Jan 18, 2009


We're interested in making an offer on an approved short sale. It was approved in 7/08, and is still for sale. The listed price is about $10,000 more than we want to offer, although, we do have the room to go that high if we choose to. Since the short sale was approved last year during the time that banks were still dragging their heals, do you think it's likely, given the market, that the bank would be willing to consider an offer lower than what they approved last year?

Thanks in advance.

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Bill Eckler, Agent, Venice, FL
Sun Jan 18, 2009

It's possible, and certainly worth a try. Contact an agent to get started.

Good luck
1 vote
Sarah, Home Buyer, Orlando, FL
Mon Jan 19, 2009
Thank you for your answer. We already have an agent, but since we're on a mission to buy a house, questions strike me during hours that he's unavailable, and I'm grateful to the trulia community for answering some of those questions.

It's really fierce out there: We're preparing to make our fourth offer on a house, and hopefully, something will go through for us. Each time we think we've made a fair offer over the actual asking price, someone else makes an even better offer the seller can't refuse. So, back to square one. One house we liked a great deal had a great big "for rent" sign in front of it soon after we lost our bid on it. Wish someone would do something to stop investors from making cash offers so that buyers who plan to live in the house they buy, can do just that.

I think we'll make that offer on the approved short sale and see what happens.
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