Short sale/ Foreclosure

[Larry McDaniels]

I got into a contract on a short sale with the bank approving the offer. I put down my earnest money, got the inspections done, and am supposed to close this Friday. The problem is that the property is now set to go to Sheriff's Sale on Thursday. My bank is still working out the loan details, so I cannot move the closing up. Does my contract now mean nothing? Am I screwed out of the money I had to use to get everything to this point i.e. earnest money (check has already been cashed), termite inspection, physical inspection?