Sunday, June 5, 2011

Backing Out of a Short Sale

http://on.wsj.com/iWi4j7


Q. We made an offer on a short sale home more than three weeks ago and have not heard back from the seller's lender. We need to move into a new home soon so our children can get settled before school starts. We are tired of waiting and are thinking of backing out of the deal. Will we get our escrow deposit back?



Nothing unusual, I for one would never even consider a "Short Sale", too many good buys here to risk your sanity.


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