So I am so confused. I know banks have to approve a short sale offer. I have that all done and we are at the closing stage of the process. We signed all our documents and the “owner” not the bank signed his documents as well. Well I got a call that now the title company said they are waiting for the bank to approve the transaction. Long story short they approved our offer and we got an inspection done. The inspector found some minor things so we asked if they would price reduce not getting hopes up as we understand a lot of the time it is a as is property. We all agreed we would keep it as is due to if they do take a new price it would start the offer process over again. We got our appraisal done and as soon as that was done we got a call they want to do another appraisal as well and the appraiser wants to see the inspection report. We sent it. We get the call everything is at the title company and we need to hurry and sign as well would close the next day. Well next day comes and I get a text “the bank is waiting for their appraisal to come back we should be fine”. Should I have any reason to be concerned ?
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source https://www.reddit.com/r/RealEstate/comments/1eboejz/short_sale_question/
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