Zillow Advice: Buying a Foreclosure - Tha bank told me they will not sell me a house after 4 months and 2 extentions. I gave them $5000 EM http://www.zillow.com/advice-thread/Tha-bank-told-me-they-will-not-sell-me-a-house-after-4-months-and-2-extentions-I-gave-them-5000-EM/438268/ Zillow Advice | Zillow Real Estate i was suck in a short sale ... http://www.zillow.com/advice-thread/Tha-bank-told-me-they-will-not-sell-me-a-house-after-4-months-and-2-extentions-I-gave-them-5000-EM/438268/ i was suck in a short sale to my&nbsp;Realtor&nbsp;said he knew the sellers&nbsp;Realtor&nbsp;and everything was a go yea right still have not got bank approval of short sale it was cheaper to buy new from ground up a little more time or is it a little more time. i did contract on the 5/12 my basement has just been poured and still no call from short sale, look into buying new there giving a lot of incentives Thu, 24 May 2012 05:01:00 GMT http://www.zillow.com/advice-thread/Tha-bank-told-me-they-will-not-sell-me-a-house-after-4-months-and-2-extentions-I-gave-them-5000-EM/438268/ 2012-05-24T05:01:00Z Its a pile of you know what. ... http://www.zillow.com/advice-thread/Tha-bank-told-me-they-will-not-sell-me-a-house-after-4-months-and-2-extentions-I-gave-them-5000-EM/438268/ Its a pile of you know what. That would be just like me putting my neighbors car up for sale and never owning it. The banks should not be allowed to put home up for sale with out proof of title. Now im out of appraisal fee and inspection fees and hoa fees and no dam home. They decided to tell us they didnt have the home title 3 days before closing..Thanks Wells Fargo. Fri, 20 Apr 2012 22:38:00 GMT http://www.zillow.com/advice-thread/Tha-bank-told-me-they-will-not-sell-me-a-house-after-4-months-and-2-extentions-I-gave-them-5000-EM/438268/ 2012-04-20T22:38:00Z You cannot take these things ... http://www.zillow.com/advice-thread/Tha-bank-told-me-they-will-not-sell-me-a-house-after-4-months-and-2-extentions-I-gave-them-5000-EM/438268/ You cannot take these things personally.&nbsp; This is a business transaction. The bank could not execute the transaction so they are terminating according to the contract.&nbsp; Their intent is not to mess with YOU, it is simply to execute a business deal.&nbsp; It just did not work out. Sun, 08 Apr 2012 19:42:00 GMT http://www.zillow.com/advice-thread/Tha-bank-told-me-they-will-not-sell-me-a-house-after-4-months-and-2-extentions-I-gave-them-5000-EM/438268/ 2012-04-08T19:42:00Z Welcome to the world of foreclosures. ... http://www.zillow.com/advice-thread/Tha-bank-told-me-they-will-not-sell-me-a-house-after-4-months-and-2-extentions-I-gave-them-5000-EM/438268/ Welcome to the world of foreclosures. Unfortunately this is just one of the many pitfalls buyers face when purchasing distressed properties.&nbsp; Short-Sales and Foreclosures are never guaranteed transactions and rarely is there anyone to complain to.&nbsp; Banks have been selling properties they don't yet own for a long time, and hope to clear title before they get a contract.&nbsp; It's absolutely wrong and unethical, but since when have banks ever been ethical.<br/><br/>It appears you're out of luck on this unless you can convince the bank to keep the property in contract until they clear title, which may take several months.<br/><br/>I sincerely wish you all the best! Sun, 08 Apr 2012 14:52:00 GMT http://www.zillow.com/advice-thread/Tha-bank-told-me-they-will-not-sell-me-a-house-after-4-months-and-2-extentions-I-gave-them-5000-EM/438268/ 2012-04-08T14:52:00Z Their addendum, very likely, ... http://www.zillow.com/advice-thread/Tha-bank-told-me-they-will-not-sell-me-a-house-after-4-months-and-2-extentions-I-gave-them-5000-EM/438268/ Their addendum, very likely, clearly states they can cancel at anytime. I know this is not what you want to hear, but banks have very good attorneys drafting their contracts... They likely do not really care about the supposed increase in value... Is just the way things workout sometimes... Be patient and buy a better house, there are plenty of them! Sun, 08 Apr 2012 05:58:00 GMT http://www.zillow.com/advice-thread/Tha-bank-told-me-they-will-not-sell-me-a-house-after-4-months-and-2-extentions-I-gave-them-5000-EM/438268/ 2012-04-08T05:58:00Z If they were unable to get ... http://www.zillow.com/advice-thread/Tha-bank-told-me-they-will-not-sell-me-a-house-after-4-months-and-2-extentions-I-gave-them-5000-EM/438268/ If they were unable to get the foreclosure deed recorded, it's possible that they are going to have to re-foreclose on the property to gain clear title to the property.<br/><br/>If that's the case, they can't sell what they don't own. Therefore your contract is probably voided. Sun, 08 Apr 2012 04:13:00 GMT http://www.zillow.com/advice-thread/Tha-bank-told-me-they-will-not-sell-me-a-house-after-4-months-and-2-extentions-I-gave-them-5000-EM/438268/ 2012-04-08T04:13:00Z