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You absolutely need to continue to look at property because there is no guarrantee that the deal will be approved. Your agent is just lazy. Just about all short sales are in the foreclosure process. That means nothing.The 'process' can take 2-5 months. Your lazy agent should have asked the other agent BEFORE you wrote the offer how far along has the 'process' proceeded. You can still ask and that can give you some idea as to how mch longer it might take.
I put in an offer at the end of June. It is awaiting bank approval. I was able to look online and find that the property is in pre-foreclosure. My realtor has sent the seller's realtor two emails over the last two weeks and have not received any type of response. I have submitted my paperwork except for the HUD-1 statement (which I don't see why they would need that since the bank has not responded with an acceptance or counter offer) but I did submit a pre-qaulufication (with credit check). I think it's a slick game being played, stall tactic perhaps? I can't say for sure since I can't get any information. My realtor doesn't think we should look at anymore houses until the 90 day period on the short sale is exhausted. I just don't know what to do??????
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