To make a long story short, we are the buyers of a SS. It was approved by seller's lender in December and when we went to close, discovered the seller's agent gave everyone bad information and the IRS liens were still on the property. By the time the sellers got the IRS lien releases, the lender's approval letter had expired....so we are now going through the approval/acceptance process all over again. Sigh.
As we are waiting on the sellers bank to yet again approve/accept (hopefully) our offer - we just found out the seller's IRS liens are about to expire.
Does anyone know this process? Will the sellers need to get the releases all over again? Can they just get some sort of extension?
thanks so much
Steve
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Yes they can & do file... that's why open communication & discovery is 1st & foremost in a Short Sale.
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