How to stop the sale at the last minute!!!

[Skylar Howard]

This happened by complete accident. Once I got it stopped and I knew it was going to close, I had to share this with you..... I have a home in downtown Orlando that I was going to let go to sale because I couldn't find a buyer and I didn't want it (war zone). The day before the sale someone made an offer for full asking price. I wasn't sure what to do with it beacause we were so close to the sale, so I submitted it anyway. The bank said they would accept after repeatedly calling to make sure that loss mitigation had it. They called the sale off, then delayed as usual. The buyer walked because of the delay, so now what? I marketed it on craigslist and have now found a buyer for $4k more than the full price offer I was asking....I'm not sure if every bank will stop the sale if they are getting what they think is fair, I am just letting you know my experience so you can try it out if you run out of options or time.

The deal:

1st $24k

asking $35k

contract to sell $39k

bank finally took $18k (maybe they shouldn't delay)

P.S. I also submitted a POF and copy of earnest money check with the offer. This may have been crucial in getting the bank to stop, I'm not really sure. You should always include these in your ss packet.