Does your agent know this? ...

Tue, 09 Jun 2009 01:15:00 GMT

Does your agent know this? You need to have a discussion about this and let them know you're not willing to wait around. You're the client and the one in charge.

That's got to be $40k right? ...

Sun, 07 Jun 2009 04:26:00 GMT

That's got to be $40k right? I don't think someone would be asking about a 40 million+ dollar short sale on here, or would they?

A second for $40M? Your agent ...

Sat, 06 Jun 2009 13:48:00 GMT

A second for $40M? Your agent should have written the offer with language allowing you to terminate the contract without loss at anytime prior to full lender approval. This way you can contnue looking and walk away should something satisfactory become available. Many buyers simply lose patience and find that another property will do just fine. They simply find the original is not so appealing with the long wait. As long as the bank thinks they have months to act, they will make less effort to act quickly.

If you do not have this language in the contract, simply threatening to walk might push the agents and the seller into proactive action rather than pushing the bank daily for updates and action. Yes daily. Do not allow them to hide behind the "I don't want to be too pushy" BS or they will.

Zillow Advice: Home Buying - I am in contract to purchase a short sale. I put a deposit down 3/27/09, locked in @ 4.5% till 7/13

Does your agent know this? ...

That's got to be $40k right? ...

A second for $40M? Your agent ...