What I've said in fact only applies to short sales. In a regular sale, once you have a contract with the seller, it is almost a done deal (unless, e.g. you cann't get the loan). In a short sale, the seller's bank can turn it down for any reason. The contract means nothing to the bank.
As for what you said, I see no reason for the buyer to do it. It is the seller's job to get the short sale through his banks. If he needs more money, he has to let the buyer know in the beginning before the contract. The buyer should just pay one sale price which should include everything the seller needs to settle the case. Then the seller (actually, in most cases, the primary mortgage holder , i.e. the primary bank) can distribute the money (to secondary mortgage holder, etc). The buyer shouldn't be a part of this. Asking the buyer to pay ma higher sale price is fine, but asking the buyer to pay 1, 2, 3 ... separately is ridiculous.
回複:All you said apply to reguler sale, but not in short sale
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回複:回複:All you said apply to reguler sale, but not in short sale
-farmerabc-
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06/18/2009 postreply
20:50:22
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回複:回複:回複:All you said apply to reguler sale, but not in short sa
-pp8200-
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06/19/2009 postreply
04:07:47
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回複:回複:回複:回複:All you said apply to reguler sale, but not in short
-pp8200-
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06/19/2009 postreply
04:11:26