Delaying closing on short sale
What happens if you contract with the bank on a short sale but then must delay closing or you are unable to close?
Based on what I am learning here, I cannot assign a contract for short sale, but many of the experts do a double close meaning they close with a buyer prior to closing with the bank on a short sale.
What happens if your buyer does not come through but you still have to close with the bank?
How on earth do those who do short sales navigate through this? Thanks for your replies! 
blessed,
SS people actually have the funds (either loan, cash, OPM, etc) to close the deal. You really can't get too creative in your deals with banks, whether it be a SS, REO or what.
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Based on what I am learning here, I cannot assign a contract for short sale, but many of the experts do a double close meaning they close with a buyer prior to closing with the bank on a short sale.
No offense meant, but you really need to research exactly what a double closing is before trying this. How could you 'close' on a property that you don't own? Answer - you can't. Isn't legal.
I won't get into my stance on DC's here, search the forums if you want, and discuss the details of it with your attorney/closing agent.
Roger