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May 6, 2010 at 5:41 PM in reply to: Can i make other offers if im in escrow on a short sale? #547234May 6, 2010 at 5:41 PM in reply to: Can i make other offers if im in escrow on a short sale? #547716
SD Realtor
ParticipantWaiting –
In some cases there are short sales where the offer has not been approved yet and you can be in escrow. In fact if you submitted an offer prior to 4/30 you may want to open escrow in order to qualify for the federal tax credit. Now I am not an attorney and do not know if the contract was accepted by the seller but not the lender before 4/30 and you somehow got lender acceptance and closed before 6/30 if you would still qualify for the credit but I think you would.
In other cases don’t confuse opening escrow with starting contingencies or being able to get your deposit back. I have seen plenty of cases where it is opened and other cases where it is not. I do not see any major problem with it being opened or not. Your deposit can be returned from you the minute you back out for any reason at all.
Agreed with you that if the agent is not returning calls to reconsider as that is not cool.
May 6, 2010 at 5:41 PM in reply to: Can i make other offers if im in escrow on a short sale? #547815ParticipantWaiting –
In some cases there are short sales where the offer has not been approved yet and you can be in escrow. In fact if you submitted an offer prior to 4/30 you may want to open escrow in order to qualify for the federal tax credit. Now I am not an attorney and do not know if the contract was accepted by the seller but not the lender before 4/30 and you somehow got lender acceptance and closed before 6/30 if you would still qualify for the credit but I think you would.
In other cases don’t confuse opening escrow with starting contingencies or being able to get your deposit back. I have seen plenty of cases where it is opened and other cases where it is not. I do not see any major problem with it being opened or not. Your deposit can be returned from you the minute you back out for any reason at all.
Agreed with you that if the agent is not returning calls to reconsider as that is not cool.
May 6, 2010 at 5:41 PM in reply to: Can i make other offers if im in escrow on a short sale? #548086ParticipantWaiting –
In some cases there are short sales where the offer has not been approved yet and you can be in escrow. In fact if you submitted an offer prior to 4/30 you may want to open escrow in order to qualify for the federal tax credit. Now I am not an attorney and do not know if the contract was accepted by the seller but not the lender before 4/30 and you somehow got lender acceptance and closed before 6/30 if you would still qualify for the credit but I think you would.
In other cases don’t confuse opening escrow with starting contingencies or being able to get your deposit back. I have seen plenty of cases where it is opened and other cases where it is not. I do not see any major problem with it being opened or not. Your deposit can be returned from you the minute you back out for any reason at all.
Agreed with you that if the agent is not returning calls to reconsider as that is not cool.
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May 6, 2010 at 12:25 PM in reply to: Can i make other offers if im in escrow on a short sale? #546853ParticipantYes you will need to deposit a good faith deposit for any escrows that you open.
ar
May 6, 2010 at 12:25 PM in reply to: Can i make other offers if im in escrow on a short sale? #546965ParticipantYes you will need to deposit a good faith deposit for any escrows that you open.
ar
May 6, 2010 at 12:25 PM in reply to: Can i make other offers if im in escrow on a short sale? #547447ParticipantYes you will need to deposit a good faith deposit for any escrows that you open.
ar
May 6, 2010 at 12:25 PM in reply to: Can i make other offers if im in escrow on a short sale? #547545ParticipantYes you will need to deposit a good faith deposit for any escrows that you open.
ar
May 6, 2010 at 12:25 PM in reply to: Can i make other offers if im in escrow on a short sale? #547817ParticipantYes you will need to deposit a good faith deposit for any escrows that you open.
ar
May 5, 2010 at 7:01 PM in reply to: Can i make other offers if im in escrow on a short sale? #546659ParticipantAdding 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.
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