It can be very frustrating to the buyer who already has his loan ready to close and is on the contract to buy that house. What would you advise that buyer to do?

Does the seller pay the mortgage, taxes, utilities on a house with an offer waiting for bank approval? Once the bank approves and accept the short sale offer might there be additional charges if the seller has not been paying mortgage on a home where he no longer lives? If they accept my offer do they often come up with other charges left behind by the former owner?

I have a contract signed for a short sale. real estate agent said the banks handed over the sale to there lawyer. What does this mean. Can’t seem to get a answer.
I am trying to buy this short sale

This house was listed at 125,000 and previous buyer walked out. I made an offer of $108,000 because the sellers were out of the county so people do not know about the home resulting in no offers. The agent said she had one other offer but would rather work with us(maybe because I have 800+ credit and dont have to sell a home or anything). So my real estate agent (who is familiar with short sales)had send everything to make the offer on Friday. She told us they should find out by that Tuesday(4 days) if the bank had accepted my offer. Do you think I have a good chance of getting this house or at least a counter offer?

If the bank approves it, does it mean that there is a set price on the house or they are willing to negotiate offers? I have been trying to buy one for the last 3 months and have been unsuccessful in all 4 offers I have submitted on 4 different properties. Should I just forget about short sales?

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I am the buyer in this situation. Other than attorneys fees, would there be any other lost monies if the bank has not approved the offer but only the property owner?