Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago,

User Stats

56
Posts
11
Votes
Naseera Mohamed
  • Jersey City, NJ
11
Votes |
56
Posts

Bank approval in a short sale

Naseera Mohamed
  • Jersey City, NJ
Posted

It has been 80 days since I made an offer on a short sale house. I have a 90-day contingency for the bank to give an approval. I feel the seller is playing games with me. About a month back , her agent told mine that the short sale has been bank-approved. But later when my agent wanted to see the approval, she dismissed it and we found out it was only a receipt from the bank for the seller's documents. 

Now that we are close to the 90 days being up, her lawyer sends a mail saying Bank approval has been obtained, and we are to proceed with obtaining the mortgage etc , but no proof  or copy of the approval in the mail. I feel this is just a mind -game he is playing to keep us interested and away from looking at other properties . I am thinking of looking at other properties this weekend as it would be less than a week from that , that my contract period would be up. I figured even if a real bank approval shows up, I would have my Attorney Review  period to back out of any other offer I make Any opinions in this regard? 

Loading replies...