NSR
Actually with a short sale it is different and an offer can come in a day or week later and make a difference. Until the short sale is approved and escrow is opened an accepted short sale offer is not a binding contract upon anyone. You also cannot compare the $/sf price of a 4500 to 5000 sq ft home on Coneflower or Petunia with a 2500 sq ft home. The cost per sq ft ALWAYS drops dramatically as you move up in size because so much of the costs involved in a home are fixed costs that dont vary much with size.
researcher
I understand your frustration and this sucks, it really does. But the reality is that house could and should have sold closer to $1M (maybe even a little more). So while you are frustrated that someone got a steal in the 700’s or that you didnt get a great deal in the mid 800’s – the truth is if that house was properly marketed as an open market sale I dont beleive you would have been a serious contender for it. There are too many aging baby boomers and retirees with alot more money than you looking for exactly that kind of property.
The real loser here is the bagholders on those loans.
