Just out of curiosity, really, and to hopefully ease my anxiety... the home we made an offer on is subject to a short sale. The bank agreed to the listing price, which was pretty low, and we met the price in full on our offer, which was made a week ago. The sellers have accepted but we're still waiting for the bank to approve. Our realtor says he's pretty certain the bank will agree because if they don't, it doesn't look good for them because they agreed to the listing price. Of course, the bank could come back and ask for more money and my question is, is that a common thing? Anyone have an experience where this happened?
Although we currently own a home (which we intend to rent out), my husband bought it before I knew him so this is my first home purchase (we need to move closer to my stepdaughter's school ) and I'm anxious. The house is perfect! Oh, and for the record, we've already been approved by our bank.
Thanks!
2007-06-14
00:11:04
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4 answers
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asked by
Kimberly K
2
in
Renting & Real Estate