I have a short sale listing in a popular neighborhood for a basic starter home in the lowest price range ($120k). We're on our 4th or 5th offer because buyers don't have the patience to wait indefinitely. The MI company is MGIC and we still do not have an approval from them. When I hear from Cenlar it's only to ask for updated financials from this divorced couple. Today the Cenlar negotiator said it's taking so long because I "keep submitting new offers and she has to start all over with the MI company each time" as though it's my fault. I explained that this home appeals to first time home buyers and they don't need to wait because there are so many homes on the market just like it. Current buyer has an offer approval deadline of 4/15 and that includes lender approval. Sale date is scheduled for 5/2/2012 though negotiator said "no problem in getting that moved back". I explained what we really need is approval so we don't lose the current buyer and have to start over again. Any suggestions?
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