E.U. approves insurance, banking, securities supervising agencies
BRUSSELS (Bloomberg)—European Union lawmakers approved measures to create pan-E.U. supervisors for banking, securities and insurance firms.

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How is a contract formed, given that my purchase offer has already expired? If the bank approves, would the seller be making a counteroffer essentially (even if at the same terms as my purchase offer), an offer to sell?

Congress Approves Tax Credit Closing Deadline Extension
Congress approved late Wednesday an extension to the June 30 closing deadline for the home buyer tax credit, hours before it was set to expire.

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While we were looking at paying cash on a short sale house, the bank pre-approved an offer for a “wholesaler”. The “wholesaler” is now looking for a cash buyer before closing. The house has no leins and all taxes are paid up… what is the usual time frame the buyer (or the wholesaler in this case) has before the closing? In other words, how long does the “wholesaler” have to close the deal after the bank has approved their short sale offer? If we made a cash offer to the “wholesaler”, would it be best to complete the cash transaction through a title company and title attorney?

I am trying to short-sale my property, and I got in contact with a company that specializes in buying short-sale properties. They are asking me to deed the title over to their company while they negotiate with my lender. I don’t feel comfortable signing away the title before the sale is approved, so I’m not going to do it, but I was just curious if this is normal procedure for a short sale.
I read the warranty deed, and it looks like they are wanting me to deed the title into a trust, in which I would be the beneficiary. Does anyone know exactly what this means?