In there minds the home is over leveraged and 'the bank will never accept that much less'.

BG, I think you might want to investigate why they will only accept cash.

PROPERTY CONDITIONS: Buyer accepts the Property in its present condition.7: Buyer is liable for all taxes, insurance and Homeowners Association fees from the date of closing of this contract.

I finally got an offer accepted on a home in FL on Dec. 8 and am closing on Dec. 23.

I don't understand why you seem offended that BP accepts donations or that members would encourage others to donate.

I'm a full-time real estate lawyer, an every-now-and-then real estate agent, an ex-appraiser and a newbie at online social networking.

Listing price is irrelevant, except as an indicator of the likelihood of getting and accepted offer.The second part is that in my and others experience, banks don't come down much off their listed prices. 5-10% maybe.

You can also show title companies what you use and ask them is it's acceptable in that state.

At this point the realtor should know how much the short sale is 'approved' for and the BPO and everything else should be done and should only take a couple weeks for the final approval letter if accepted.

In NJ court, if you show that you have a "Prior Practice" of accepting late payment without penalty, etc. it will hurt you in court and the eviction process.