Tanya, what your agent shared with you, DAY ONE, regarding short sales has come true.
You were advised there is no good faith partner on the other side.
You were advised the investor, who is the one taking the hit, the bank NEVER LOSES, does not appreciated being tricked by the bank into buying a worthless mortgage and now must scratch to reduce their loses. This investor may be PEOPLE..just like you, just like me. Not home nameless fog,unaccoutable mass, too big to manage, to arrogant to govern, bank.
It is possible these stalling tactics are for the purpose of finding a better deal behind the curtians. You can not know. We can not know. It is not a transparent process.
And...even when all this hysteria has settled, the seller can still decide it not a good deal..and back to square one.
Your agent advised, short sales are not for everyone.
It is a shame when folks are dragged through this process. You can be sure, the short sale war stories can become more serious that what you describe.
Banks are greedy, Banks never lose.
You have a decison to make...hang in there of find a more appropriate situation.
best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
Move to the Front of the Line