Legal Question in Real Estate Law in Florida

when purchasing a "short sale" property, once the owner accepts your offer, the bank accepts it as well, and any title issues are cleared, is there any further reason for the sale to not be "a done deal" ? can they still somehow do something to make them not have to actually close the deal ? because this sale has been going on for a long time, the bank accepted fairly quickly, after 3 months, then there was a "title issue", which was then cleared up in a few weeks, and now, ever since, we have been waiting and waiting to just have the closing......its a cash deal, closing in 14 days, so why, after everything is in order, after waiting an additional 6 months, do they still say we have to wait, it is "in processing" ? can this be a tactic to not sell the property after all, or are they legally obligated to sell it to us now, just like we are legally obligated to buy it ? this is in the state of Florida, if it makes a difference....

Asked on 6/02/13, 6:11 am

David Slater David P. Slater, Esq.

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Your contract will dictate your rights. Short sales can take an extended period.

Answered on 6/02/13, 8:14 am

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