[quote=SD Realtor]It could have happened that way Eugene and I have seen that happen before. If the loss mitigation dept does not keep reminding the legal dept to postpone then oops… bye bye property…
However in this case given the length of time it was taken off the market, I believe that the short sale just did not work because whatever was offered was not high enough.
Just a guess though. My bet is that we do not see this one get rescinded. [/quote]
It was still listed 3/23 and trustee sale took place 4/7 … wouldn’t it be unusually quick for banks to decline the short sale and decide to foreclose less than two weeks after getting an offer?
It does not look like it’s been rescinded YET, and it’s been two weeks already … so you may be right.
