Legal Question in Real Estate Law in Florida

short sale question

We offered a real estate agent full asking price of $115,900 -cash- on a short sale home in Florida. The bank refused it, saying it could accept no les than $250K... how is this legal? sounds like bait-and-switch ... Do we have any recourse? It was a brand new home no one has ever lived in...


Asked on 10/09/08, 4:53 pm

1 Answer from Attorneys
Brent Rose The Orsini & Rose Law Firm

Re: short sale question

In a short sale, the bank--and usually the bank's mortgage insurance company--must consent to the sale. You have no recourse.

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Answered on 10/09/08, 9:04 pm


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