Still didn’t answer the question, did you attempt to put the bid in on the 19th? I’m being a dick for a reason, day late doesn’t matter how many dollars you bring. The girl has left the party.
Frankly, it sounds like you want it easy, like walking into the grocery store and picking up a can soup. That’s not a short sale, especially an unapproved short sale. I hear a lot of that. I agree more transparency is good, but how do you eilminate concessions when the sellers aren’t realistic about their house until the inspection tanks the deal.
It’s also just like buying or selling a used car. If you’ve ever private sold one, you know the people that call two weeks after it’s listed and then say stupid stuff like ‘oh man you shouldn’t of sold, I’d have paid XX (more)’
Timing is everything. Going back to the lender is a loser for the seller. IF the lender is willing to sell, they’re willing sell. It doessn’t matter if the house is worth $900K, if the first holds a $700K mortgage. The 2nd is screwed. BEcause the DS is burnt out and done. They either get it sold or they walk and the 1st forecloses. For the 2nd, foreclosure is too big a risk.
So it might be a steal for the terms of a great deal. It doesn’t make it fraud. It makes it a deal for the person that got on the spot and could do the deal.
When people walk into pawn shops, they sell stuff the exact same way. Short sales are just the pawn shop of houses.
If you were walled out on the 19th, then the agent needs a spanking.
