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Short sale? What to know.
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smitnlit
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Joined: Wed Jan 23rd, 2008
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Posts: 4
Status:  Offline
 Posted: Mon Jan 28th, 2008 12:00 pm
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It may be too late to ask this now, as our p&s has been signed.  I HATE our agent.  Anyways, we are buying a property that has $260,000 owed and it was up for sale for $175,000 we put in a full price offer and I believe it was accepted.  We signed a standard p&s that didn't stipulate too much other than the tenants need to be OUT and we just found out they won't be.  It's like the contract means NOTHING.

Grrrr...Anyone have experience with short sales and what should the buyer do to protect themselves?

Maryann


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