Zillow Advice: Buying a Foreclosure - Bank Changed Offer after they delayed process. http://www.zillow.com/advice-thread/Bank-Changed-Offer-after-they-delayed-process/454539/ Zillow Advice | Zillow Real Estate I guess that's why they teach ... http://www.zillow.com/advice-thread/Bank-Changed-Offer-after-they-delayed-process/454539/ I guess that's why they teach us in Real Estate School that no offer is actually good until it is signed.&nbsp; Make sure you get everything in writing from now on and they won't be able to do that again.&nbsp; And perhaps you should have a 'plan B' (or another property the client is interested in) so that if the bank tries to pull this stuff you can just say 'Adios!' and go on to the next property.&nbsp; The greed of the banking industry these days is mind-boogling.<br/><br/>Apparently short-sales are the worst of almost any transactions in real estate.&nbsp; Bankers are notoriously bad in those deals.&nbsp; Go figure?&nbsp; You would think that they didn't have all those properties to do something with. Sat, 11 Aug 2012 02:12:00 GMT http://www.zillow.com/advice-thread/Bank-Changed-Offer-after-they-delayed-process/454539/ 2012-08-11T02:12:00Z It could be worse! &nbsp;I ... http://www.zillow.com/advice-thread/Bank-Changed-Offer-after-they-delayed-process/454539/ It could be worse! &nbsp;I had a deal where the offer was verbally accepted and then denied with a letter after the prospective buyer already paid money for a home inspection. &nbsp;I've had it where the buyer had to wait 7 months for any kind of response. &nbsp;Ive' had it where the buyer had to pay for the sellers title charges because they were snuck into the 30 page contract they make you sign. &nbsp;<br/><br/>The best advice to give to people looking at short sales and foreclosures is to expect there to be hoops to jump through.&nbsp; Fri, 10 Aug 2012 22:49:00 GMT http://www.zillow.com/advice-thread/Bank-Changed-Offer-after-they-delayed-process/454539/ 2012-08-10T22:49:00Z I had good experiences and ... http://www.zillow.com/advice-thread/Bank-Changed-Offer-after-they-delayed-process/454539/ I had good experiences and bad ones with short sales and it comes down to who is at the other end. The lenders are under staffed and the experience this bank employees are next to no experience in the real estate department. I hope everything goes well for you. Fri, 10 Aug 2012 20:33:00 GMT http://www.zillow.com/advice-thread/Bank-Changed-Offer-after-they-delayed-process/454539/ 2012-08-10T20:33:00Z Yeah its tough. THe changed ... http://www.zillow.com/advice-thread/Bank-Changed-Offer-after-they-delayed-process/454539/ Yeah its tough. THe changed the comission on my realtor as well.<br/><br/>THings have been going much quicker now. We already have an executed ccontract and I am having the inspection done tomorrow.<br/><br/>So I am feeling better about things... am I actually starting to get excited about this house again?... Thu, 09 Aug 2012 14:08:00 GMT http://www.zillow.com/advice-thread/Bank-Changed-Offer-after-they-delayed-process/454539/ 2012-08-09T14:08:00Z Foreclosures and short sales ... http://www.zillow.com/advice-thread/Bank-Changed-Offer-after-they-delayed-process/454539/ Foreclosures and short sales are kissing cousins, not fair, frustrating and at the same time appealing to buyers.&nbsp; Hang in there if you are really getting a bargain, that is the price you pay for "such bargain"&nbsp; Good luck! Wed, 08 Aug 2012 14:32:00 GMT http://www.zillow.com/advice-thread/Bank-Changed-Offer-after-they-delayed-process/454539/ 2012-08-08T14:32:00Z Although the situation really ... http://www.zillow.com/advice-thread/Bank-Changed-Offer-after-they-delayed-process/454539/ Although the situation really seems unfair that's the way it works.&nbsp; It really doesn't surprise me at all.&nbsp; ;-(&nbsp;&nbsp;&nbsp; I had this happen with my commission pay out too.&nbsp; They decided to change it!&nbsp; Good luck!&nbsp; It's tough! Wed, 08 Aug 2012 02:19:00 GMT http://www.zillow.com/advice-thread/Bank-Changed-Offer-after-they-delayed-process/454539/ 2012-08-08T02:19:00Z