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Will lender accept same offer a second time around after the first offer walks?

Posted by Anne O'Connor on March 16, 2012 at 2:40am in Short Sale Discussions

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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Replies

  • Eric Mieles March 18, 2012 at 2:16am
    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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