What is the name of your state (only U.S. law)? NY
Hi Again All, My mom has found a condo she likes and the price is right but it is a short sale. Yes this is the one with the power off and the listing agent wont even approach the bank with the offer unless my mother puts $3k down and signs a contract to buy it then they will put in the paperwork to start the 90 day process to see if they accept her offer but meanwhile 3 weeks have went by since she made the offer and the agent hasnt put it in..
my question is if this is common practice. If it takes 90 days for approval and the listing agent is holding back the offer until mom signs a buying contract to start the process after knowing for 3 weeks that she made the offer to buy....
im confused...
Hi Again All, My mom has found a condo she likes and the price is right but it is a short sale. Yes this is the one with the power off and the listing agent wont even approach the bank with the offer unless my mother puts $3k down and signs a contract to buy it then they will put in the paperwork to start the 90 day process to see if they accept her offer but meanwhile 3 weeks have went by since she made the offer and the agent hasnt put it in..
my question is if this is common practice. If it takes 90 days for approval and the listing agent is holding back the offer until mom signs a buying contract to start the process after knowing for 3 weeks that she made the offer to buy....
im confused...