Crazy short sale transactionHas any experienced agents with short sale experience heard of this?1) Early June, listing agent called and said we got a deal and approval by the Bank to close on 6/20 but no later and that seller gets 2 wk post closing possession so that he can make arrangements for finding another place and will have funds to do so from the closing. The Bank gives seller some agreed upon amount to leave the property; the amount is hinted to be around $35K.2) The title company involved said that there are potential actions against the seller/property and that there is a second lien and possible personal loans. But title company will continue to work to clear the title.3) The listing agent just called 15 minutes ago to propose that the offer be reduced by the amount of funds that the Bank was to give to the seller to move and my buyer writes a personal check to the seller for that amount (again around $35K). Listing agent says it is still the same bottom line number to both bank and buyer. Seller is getting on HUD 1 funds from the Bank to move, which he supposedly has to forfeit immediately to some creditor, but he wants my buyer to cough up the amount to pay him so that the money won't be forfeited to the creditor (the explanation is that if the Bank pays the seller, the money will automatically be forfeited). Supposedly seller needs the money to make arrangements to move out of the property.I have never heard of this. Sounds a bit shady.Please help shed some light on this matter. Thanks a lot.June 17 2012 - Chicago00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.