Venting- Short Sale Fell Through
I recently had a short sale fall through because the husband did not want to quitclaim his interest to the wife. I worked on it for me than 1 month only to lose the deal because it foreclosed before I could complete the deal. He eventually signed the quitclaim but when it was too late. Is there any way I can still get the property before it goes to auction?
I don't see why not. Simply because the loan was foreclosed doesn't necessarily preclude you from acquiring the property. But, that depends upon your state law and local custom.
Did the mortgagee issue a short sale approval... but you couldn't complete the deal before the approval expired?
The approved the short sale but they did not agree to my initial offer. I wanted to renegotiate but ran out of time. I have worked with this bank before and knew if I had more time I would have been able to close the deal.
OK, they didn't approve your short sale proposal, but were willing to consider a short.
You don't indicate your state.... but if they don't yet own the home, there is no reason why they should not consider your proposal.
What state are you in, and why are you inclined to give up? Or am I reading you wrong?
Abe LIncoln once said, "I'm not as concerned about your failure as I am your willingness to accept it."