I’ve recently put in an offer on a short sale with a seller, we both signed the purchase agreement, iv’e signed the counter offer and we had a fully open escrow with both banks approving her short sale, she backs out the first day of escrow being open…I want this property and have spent months battling this woman…can she legally do this??? I’ve taken money out of my retirement to help pay for the down payment and have therefore taken a penalty on it…what can I do…Advice would be greatly appreciated….

I have a signed and accepted contract by the person that owns the house but not by the bank yet does that still count under the 8,000 tax credit? The home is an approved short sale and my offer was accepted by the owner but now I am waiting on the bank(the owners side not mine) Does the contract have to be finalized by the bank before april 30th in order to qualify?

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?

We are supposed to close escrow next week, all cash transaction.