Will lender accept same offer a second time around after the first offer walks?
Re short sale in Fla.
If The bank has countered an offer to a potential purchaser and the potential purchaser may walk. There is a second potential purchaser who is willing to accept the same offer. Does the procedure need to start all over again with the second offer? Will the bank offer the same price to potential purchaser and offer same conditions to owner? Will it take 6 months like it did the first time?We are talking about Wachovia. The system doesn't make sense but I'm looking for clarification.
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Permalink Reply by Eric Mieles on
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May I ask are you working with an area manager? Typically Wachovia loans qualify for a fast track program that will allow you direct contact with a area manager and 3 week approval time. Please let us know if you are working with a manager and the fast track program because if your not you may be able to save yourself a lot of time and headache.
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