We are the buyers on a short sale...5 months in and nothing in writing from the bank...My question is our original purchase agreement and short sale addendum have expired...do we need to renew them?... Our agent and the listing agent says we are fine for now..but can they technically give the house to one of the back up offers without our knowing? What do you usually do for your buyers in this case?
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Yes you need to renew them. An expired agreement means you have nothing and the seller can sell the property to anyone else if they choose.
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