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Updated over 11 years ago on . Most recent reply

User Stats

67
Posts
4
Votes
Nicole Bryan
  • Real Estate Investor
  • Bowie, MD
4
Votes |
67
Posts

Short sale to foreclose in less than one week. Need advise to save the deal please!

Nicole Bryan
  • Real Estate Investor
  • Bowie, MD
Posted

Hello!

I have an offer on a short sale that is scheduled to foreclose on 9/6. The commitment letter came in yesterday and there are several items that need to be taken care of prior to closing. The issue is that it's a holiday weekend and we aren't able to reach anyone until Tuesday. Giving us only 3 days. I've asked the selling agent to request an extension on Tuesday since it seems that we won't get all of this done by Friday. Do you think the bank would foreclose on this home if we present them with the commitment letter? If anyone has been in this situation before please advice. Thanks!!!!

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