Hello All -

It's me again.  Here is my new issue.  I have has this short sale in process with a contract on the property since 8/26/11.  The bank countered and the buyer accepted all of the terms from the Bank with no issue.  The seller lost power during Hurricane Irene for 2 days.  He is an elderly man; purchased a home that is entirely too large for him to keep up with the stairs and the mortgage payment; and was unable to get down to the basement to get the sump pump hooked up to the generator.  He never made me aware that he had lost power or that a small portion of the carpet got wet when the sump pump backed up.  So when the home inspection was done they found dried up mold/mildew spores on the leather furniture, leather shoes and on the walls.  As I mentioned the spores had all dried out.  The entire basement dried out on its own but it was very sweaty and musty down  there.  The Environmental Company that performed the air quality test gave instructions to the home owner on how to correct the problem.  It hadn't escalated to black mold nor did any of the drywall need to be removed/repaired.  He instructed the home owner to completely clear out the basement; wipe down all walls/hard surfaces; get the carpet cleaned and have the place retested.  He is doing all of this at his expense as BofA said the house is being sold as is no exception.  The buyer planned to use VA funding and of course no lender especially VA would sign off on this house with a positive mold test so the buyer has decided to walk even though the Environmental Engr stated that this issue could be corrected by the home owner instead of using s company such as Servepro.

My question is, since the buyer has walked, as of this morning, before the scheduled closing date of 11/30/11, what can I do to get the Bank to either lower the price or make this property generate more showings to possible get a back-up contract before 11/30?  I do plan to make available the home inspection report, which had basically no other repairs needed but the mold issue; the original air quality test; and the retest results to potential clients to ensure them the problem has been resolved.  Not sure what else can be done to get this house sold.

PLEASE HELP!!!