Posted by Sonia A. on 5/07/08

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Los Angeles, CA. The short sale house was listed for
$350k. Our offer for $370k was accepted on 4/2. The
acceptance was signed by the owner. Then the agent said:
we'll see if the bank agrees. Does our signed contract
mean nothing? We just heard (5/7/08) that the bank wants
to clear $400k which means that they want our offer to be
about $429k. Is there no way to get them to honor our
accepted offer? In the meantime we've taken out a line of
credit (getting ready for the down payment) incurred
interest charges

Re: Los Angeles SHORT SALE, 3/04/10, by The Realty Exchange Firm.

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