Asked by jgfedak, 44138 • Thu Apr 4, 2013
My wife and I made an offer on a short sale back in August. Bank approved the offer. The week of signing the seller declares bankruptcy(Nov. 2012). We hang in through the bankruptcy and sign and short sale agreement extension. We discover water in the basement and the utility informs us there was a water leak and they shut off service. At this point we have other properties that we would like to explore and have requested a mutual release which will allow the earnest money to be returned to us(buyer). Its been a few weeks and the seller hasn't signed. Realtor doesn't have much experience. Any advice besides hiring a real estate attorney? Anyone have a story similar to this? Also, the bank isn't aware that we want to walk and are requesting additional documents for us to sign.
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