home for sale tampa fl
I am purchasing a “Short Sale” house, owner has signed my offer contract, waiting on Title & Bank decision?
We put in an offer (1 of 5) for a home in Tampa, FL and it is in the early stages of Lis Pendens. It is a Short Sale, but the current owner signed off on our offer contract, and were informed that the Title Company has said we have the best offer, but the owner’s lender has to approve this. Our Realtor says that this may take up as much as 45 days. Should we keep looking, or are we almost there? Can someone else still make a better offer, even though we have a signed offer contract? I have my apartment lease until July 31st.
We did put a time limit, and it was last Sunday. We have that signed..but it probably does not hold much water anymore.
Wish there was a way to convince the bank to make a decision.
Thanks for the input, I’ll have to either do some legal sluthing or hire a real estate lawyer myself.
We put our bid in on the house we want on Feb 4, we finally got an accepted offer on May 8. We are going FHA, because it requires less money down….we just ordered the appraisal yesterday so we sit and wait again.Hopefully everything will come out right. The sellers bank gave us a closing date of May 28, so hopefully after all this time it will work out.
Would I ever do a short sale again? Hmmmm, it would have to be a really great price. I’m ready to get off this emotional rollercoaster.
Good luck, and try to have patience 
