From the Seller's Realtor
"1. The seller has not yet provided the seller disclosure.
2. I notified the seller of the multiple offers that have been submitted. None have been accepted yet.
3. The seller lives out of town and does not have fax or email access.
4. The seller is under no obligation to respond to the offer by deadline, and your contract can therefore expire.
5. Since your buyer's offer specifies an new FHA loan, your offer is not as strong as desired. The middle room has stains in a corner from floor to ceiling which may cause problems with an FHA approval of the new buyer's loan. The cause of the stain is undetermined. The seller does not have the resources to fix anything.
6. It is risky for the seller to go through the long short sale approval process with the foreclosing lender just to have the buyer's financing fail on FHA inspections. That would cause valuable time to be lost when the seller needs to get it done fast to avoid foreclosure.
7. It is in the seller's best interest to accept an offer that does not require FHA financing."
So, that's that. I've been looking at condos online.
2. I notified the seller of the multiple offers that have been submitted. None have been accepted yet.
3. The seller lives out of town and does not have fax or email access.
4. The seller is under no obligation to respond to the offer by deadline, and your contract can therefore expire.
5. Since your buyer's offer specifies an new FHA loan, your offer is not as strong as desired. The middle room has stains in a corner from floor to ceiling which may cause problems with an FHA approval of the new buyer's loan. The cause of the stain is undetermined. The seller does not have the resources to fix anything.
6. It is risky for the seller to go through the long short sale approval process with the foreclosing lender just to have the buyer's financing fail on FHA inspections. That would cause valuable time to be lost when the seller needs to get it done fast to avoid foreclosure.
7. It is in the seller's best interest to accept an offer that does not require FHA financing."
So, that's that. I've been looking at condos online.