Forums » All Categories » Buying Foreclosures » CA » Santa Cruz County » Santa Cruz » 95065 » I put an offer on a short sale and got a counter-offer from the bank. I am still waiting to hear back from the bank after I submitted my own counter-offer. The bank told me they would have an answer for me within a week. However, on RealtyTrac, I see that
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I put an offer on a short sale and got a counter-offer from the bank. I am still waiting to hear back from the bank after I submitted my own counter-offer. The bank told me they would have an answer for me within a week. However, on RealtyTrac, I see that
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Mmagik Posted: 19 Mar 2012 09:24 PM

I put an offer on a short sale and got a counter-offer from the bank. I am still waiting to hear back from the bank after I submitted my own counter-offer. The bank told me they would have an answer for me soon. However, on RealtyTrac, I see that the same house is now in foreclosure and has an auction date. What does that mean?

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StockJocky replied on 20 Mar 2012 08:27 AM
It means that the property is moving through the normal foreclosure process and an auction notice has been filed. Just because a property is being offered for short sale does not "stop" the foreclosure process. You should try contacting the bank or the listing agent to find out where your offer stands.
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Mmagik replied on 20 Mar 2012 11:07 AM

Thanks.

My realtor has been in constant contact with seller agent. Sellar agent has been calling bank negotiator everyother day and gets the response "I will respond when ready".

i hope every thing works out. I'm glad I found this site as I might be able to buy it in auction.

-Matt

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