Bill, This is helpful – but may leave one question unanswered. Can a seller/realtor not disclose that they are in a short sale situation? We have an accepted full price deal that was supposed to close yesterday, but all of a sudden we can’t get the payoffs from their bank – and we’ve found out the seller needs to bring money to closing – ie they’re underwater. We’re ready to perform and they couldn’t. Now we’re getting nervous and have a big 10% deposit in escrow.
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