Short sale:
1. "a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold." (wikipedia.org)
2. "a short sale in real estate is not always a pleasant transaction." (about.com)
Guess which definition we are experiencing?
That's right, friends, after 145 days of waiting and waiting and waiting for a decision on the offer for our prospective dream house, we heard today that the bank wants us to wait 30 more days before they make their decision. They have given us absolutely NO hope and absolutely NO promises that our offer is even being considered.
Our answer? "NO WAY". We are moving on...and good riddance and adios to C-wide. No wonder you went out of business if that's the way you handle real estate transactions! We are starting over with a blank slate and a new realtor.
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Aw, that is so frustrating. Good luck with the new realtor. They can't always save you from real-estate limbo (I remember we dealt with some people who wanted to sell their house... wait, no, they wanted to stay in it longer... we also ended up moving on), but a good one really makes a difference!
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