Can i make other offers if im in escrow on a short sale?

[livinincali]

What’s the hurry at this point. The tax credits are gone and so far I haven’t seen evidence that there’s a ton of great deals hitting the market. Rumor has it that BofA is starting to drop a bunch of REOs, but I haven’t seen great deals. If you find a place that is a much better deal and/or fits your needs better maybe it would be worth exploring but short sales are much quicker than they used to be. Other then rising interest rates I couldn’t really see the urgency but you may have a particular situation where you need to move sooner than later.

[dvazriel]

AFAIK, the earnest money is refundable if i totally withdraw the offer.

I am just concerned about losing my earnest money since i have the standard 17 days contingencies removal.

But i don’t think the deadline is in effect since the seller bank needs to approve the sale to be technically under contract right? So i can withdraw my offer at any point if i choose to?

[dvazriel]

AFAIK, the earnest money is refundable if i totally withdraw the offer.

I am just concerned about losing my earnest money since i have the standard 17 days contingencies removal.

But i don’t think the deadline is in effect since the seller bank needs to approve the sale to be technically under contract right? So i can withdraw my offer at any point if i choose to?

[dvazriel]

AFAIK, the earnest money is refundable if i totally withdraw the offer.

I am just concerned about losing my earnest money since i have the standard 17 days contingencies removal.

But i don’t think the deadline is in effect since the seller bank needs to approve the sale to be technically under contract right? So i can withdraw my offer at any point if i choose to?

[dvazriel]

AFAIK, the earnest money is refundable if i totally withdraw the offer.

I am just concerned about losing my earnest money since i have the standard 17 days contingencies removal.

But i don’t think the deadline is in effect since the seller bank needs to approve the sale to be technically under contract right? So i can withdraw my offer at any point if i choose to?

[dvazriel]

AFAIK, the earnest money is refundable if i totally withdraw the offer.

I am just concerned about losing my earnest money since i have the standard 17 days contingencies removal.

But i don’t think the deadline is in effect since the seller bank needs to approve the sale to be technically under contract right? So i can withdraw my offer at any point if i choose to?

[sdrealtor]

17 day timeframe shouldnt start until bank approves your offer. If terms are the same it is pretty much a done deal as long as the agent isnt a complete boob. Depending upon the lender it could take a day or a month.

[sdrealtor]

17 day timeframe shouldnt start until bank approves your offer. If terms are the same it is pretty much a done deal as long as the agent isnt a complete boob. Depending upon the lender it could take a day or a month.

[sdrealtor]

17 day timeframe shouldnt start until bank approves your offer. If terms are the same it is pretty much a done deal as long as the agent isnt a complete boob. Depending upon the lender it could take a day or a month.

[sdrealtor]

17 day timeframe shouldnt start until bank approves your offer. If terms are the same it is pretty much a done deal as long as the agent isnt a complete boob. Depending upon the lender it could take a day or a month.

[sdrealtor]

17 day timeframe shouldnt start until bank approves your offer. If terms are the same it is pretty much a done deal as long as the agent isnt a complete boob. Depending upon the lender it could take a day or a month.

[SD Realtor]

Adding to sdrealtors comments yes you can look at other homes and make other offers and back outof the one you are in with a full refund of your deposit.

[SD Realtor]

Adding to sdrealtors comments yes you can look at other homes and make other offers and back outof the one you are in with a full refund of your deposit.

[SD Realtor]

Adding to sdrealtors comments yes you can look at other homes and make other offers and back outof the one you are in with a full refund of your deposit.

[SD Realtor]

Adding to sdrealtors comments yes you can look at other homes and make other offers and back outof the one you are in with a full refund of your deposit.

[Author]

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