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Asked by bob, Gilbert, AZ Tue Jun 17, 2008

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Answers

5
Michael Cepa…, Agent, Tampa, FL
Thu Jun 19, 2008
Duke, I highly doubt your bank will delay the closing because you aren't prepared to move. They will not take the chance of losing the deal, but more importantly, the HUD has been approved and any change in those figures will require the negotiator to have to re submit everything to the investors/managers. My advice, start packing and be happy it got this far. Be sure your Realtor protected you from any deficiency judgments. Good Luck
0 votes
Marina Kocian, , Scottsdale, AZ
Thu Jun 19, 2008
Duke,
If the bank agreed to it, and approved, you should be happy that you are able to short sale your house.
once the bank received their money and it records, it is not longer your property
Web Reference:  http://OwnYourHomeAZ.com
0 votes
Gary Miljour, , Chandler, AZ
Tue Jun 17, 2008
Duke,

If you have an agent that represents you I would advice you to talk with them about your concerns. I have not seen a bank not close on a short sale because you will not be ready in time. A lot of banks right now are giving closing dates that cannot be met. Do not let them bully you into thinking you must close.
Web Reference:  http://www.garymiljour.com
0 votes
Johnye Nardin, Agent, Gilbert, AZ
Tue Jun 17, 2008
Hi there! The day of closing belongs to the buyer, so you need to be out on or before that day.
0 votes
John Gordon, Agent, Mesa, AZ
Tue Jun 17, 2008
Basically, yes. the banks sometimes give very short notice when the accept the short sale.
0 votes
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