---

purchasing a short sale

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
tltgrneyes Joined: 19 Jul 2010 Posts: 1 1.00 Dollars($)	Posted: Mon Jul 19, 2010 11:15 pm    Post subject: purchasing a short sale Like 0 Dislike 0 what rights do a prospective buyer for a short sale purchase have and what can you do if you were in escrow for a short sale and the lending company went out of buisness and they had to transfer your file to another lender which you had to start the whole process all over again. They went up in price which you agreed on but still not approved yet and its been 12months. I was just wondering since it was a transfer do I have any rights. I know that by doing a short sale they dont have to approve it but since it was a transfer do I have any rights.
smithsussane Joined: 18 Sep 2008 Posts: 10030 Location: Alaska 919.49 Dollars($)	Posted: Mon Jul 19, 2010 11:36 pm    Post subject: Like 0 Dislike 0 Hi tltgrneyes! Welcome to forums! What kind of rights are you speaking about? As far as I can understand, you haven't purchased the property till now. The lending company is sorting out the deal in order to sell it off to you and has also increased the payments. Unless you buy the property, you won't have any rights to it. Feel free to ask if you've further queries. Sussane

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0