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Short Sale Problem |
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We made it all the way to the title company with our shortsale home purchase when we discovered that 3 days after our offer was accepted the second mortgage on the house was sold to another bank. How can this happen? If the first mortgage company accepted our offer are we now at risk for the second (new) bank to ruin the deal? What are our chances that could happen? This just doens't seem right to me... please help! |
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I'd suggest consulting your own real estate attorney to help you through this. I'm getting lots of questions from people buying foreclosed property or short sales. I suppose some of them go through just fine, but those aren't the ones I hear about. They seem to be fairly complicated and frustrating. |
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Edith
Originally published on July 3, 2008 |
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