Asked by Jay Rubin, Baltimore, MD • Sat Nov 10, 2012
We have a Ratified Contract on a Second Home. The house is a Short Sale. We are the fourth set of buyers to have a Ratified Contract on the house since it was listed February 2012. The other three set of buyers walked. On one of these sets of buyers, the Sellers received Short Sale approval. Our agreed-to sales price is right at the current State of Maryland appraisal for the house. the Sellers are both realtors and own many houses they rent. We gave them two months to obtain Short Sale approval. It s now week four. Are the odds in our favor that we will be the purchasers? We ARE patient and LOVE the house/Chesapeake Bay front property. Thanks
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