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Diligence Needed When Buying in Short Sale
Real estate Q&A: Bank blows its own short sale deadline
March 27, 2014
By GARY M. SINGERSun Sentinel
Question
I'm buying a short sale. After I submitted the application, the seller's bank told me I could expect an answer in 30 days. But that date has come and gone with no answer yet. It's an all-cash offer for market value. Doesn't the bank have to follow its own deadline and at least give me an answer in the time frame it set?
Ron
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