Date: 10 Oct 2009 Comments: 0

Short Sales are not “Steal Sales” – A seller still has rights to the property and may counter any offer that comes in. It is recommended that a buyer give thier highest and best offer to a seller as there may be multiple offers coming in if the property is priced slightly below market. It is always recommended that a buyer & seller both sign the contract & escrow money is collected when a contract is submitted to the bank. In some instances, it has been known where a bank will accept an offer that has not been signed at first but they will want to have it signed at the point of acceptance but banks are starting to push back on this practice and are not accepting offers that are not signed by both parties.