Edan, As you've been informed this home is Pending. As a specialist in that area I can tell you there were most likely multiple offers and many cash offers. This price was greatly under priced to attract many buyers. Houses in this area are selling from $95 - $110 sq. ft. The nicer the interior of the home the more competition there has been. Just closed escrow on a 3545 sq.ft home in the area for $345K with 5 offers, 2 cash and I was getting calls up till the close of escrow date.
As an Realtor and Advanced Certified Distressed Expert I have taken extensive training on how to handle short sales properly and we have connections with some of the top bank VP's. As you've probably heard, short sales are not easy to close but with my contacts it sure helps when there is a issue between myself and my negotiator. Just last Saturday night I e-mailed the Short Sale Sr. VP at B of A and was replied to on Sunday early evening. That's on a weekend and it was a Sr. VP of a major bank. How many people do you think would get a response. MY MOTTO IS , "Why put off till tomorrow what you can do today".. I'd would enjoy working with you and assisting you on a home purchase. I have referrals I can supply you with if you decide to work with me. Thanks for the consideration.