Short sale confusion

Asked by Jenn000, 67207 Tue Nov 6, 2012

I am trying to buy a home that is a short sale. The seller has already been approved for the short sale from my understanding. I submitted an offer on 9/17 and on 10/12 the bank, not the seller, countered my offer. The seller had accepted my offer over three others and the bank tweaked a couple words in the contract but kept the price I was offering the same. I immediately accepted the counter offer on 10/12. The contract has still not been accepted and I included in it that I want to close on or before 12/7. I just don't understand how the bank can still be considering the offer when they sent me a counter. I thought when I accepted their counter that was a price they were willing to accept and I would be good to go. I know I'm not under contract but could I still lose this house? Why would the bank counter with an offer they wouldn't accept? Is it unreasonable to want an answer by 11/15 when my offer states we are to close on 12/7?

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