(Closed) Anyone walk from a short sale and then the bank crawled back?

posted 7 years ago in Home
Post # 3
Member
6572 posts
Bee Keeper
  • Wedding: February 2010

We put an offer in and the bank accepted. And then we had an awful inspection so we said no thank you, we just can’t afford to make all of those repairs. So the bank lowered the price for us 🙂

Not the same but still a happy short sale story!

Post # 4
Member
101 posts
Blushing bee
  • Wedding: July 2010

I’ve always heard that the bank won’t budge.  In my case, pretty much we said yes to whatever the bank requested.  (sounds bad to all you buyers out there)  This is because I’ve always read that the bank don’t care, there’s a certain number they have to get after netting all the transaction cost.  If buyer walks, the owner has to find another buyer.

Post # 5
Member
95 posts
Worker bee
  • Wedding: September 2011

Depends on the market I guess… at this point not sure they will budge.. but if they do 😉 would be awesome for you

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