Wow, it seems like the market has gone crazy this week with as many appointments as I've had to get houses on the market.
Just so everyone understands "short sales"......a short sale is a property that is fixing to go into foreclosure. The bank will agree to take less for the property than is owed on the loan. This is to avoid a foreclosure. However, to be approved for a short sale, you have to prove to the bank that you can't make the payment. It's like being approved for the loan in reverse.
Understand, if you put an offer on a short sale property, you will be waiting, and waiting, and waiting. The bank will hold out for the BEST offer on a property. Additionally, they WILL ABSOLUTLEY NOT consider to sell the property contingent on yours selling.
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