NBR-Update on short sale

tiki_t · June 2011

So I found out that MIL's offer was accepted by the seller (which pretty much means nothing other than the other two offers won't be submitted to the bank). I found out that the 30 day thing is the time that the sellers have before the places goes into foreclosure rather than through a short sale. Yikes! Her agent is going to fight for her. Keep your fingers crossed for all of us that the bank doesn't stall. I need some serious bumpie dust.

kfishie · June 2011

Good luck dust to your MIL!!!!!!!!!!!!!

kittylove · June 2011

Good luck! I would think it would be in the bank's best intreast to accept your offer rather than have the house forclosed and then have to try to find another buyer. Hopefully the people at the bank feel the same way.

MommySteph2009 · June 2011

An offer on a short sale offer can *sometimes* stop a foreclosure (well - put it on hold pending an acceptance from the bank.) I work in this type of law office that helps people with foreclosures and a friend of mine does short sales.

ETA: sending lots of dust to your MIL.

lukaface · June 2011

Good luck to your MIL!! When our offer was submitted to the bank it stayed the pending foreclosure proceedings. Hopefully the same will happen for her.

ModernMomma · July 2011

Fingers crossed!

NBR-Update on short sale

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