[tonypeoni]

I have had earnest money on a short sale for some time. The realtor called me today to let me know that she checked the status of the offer and found that the bank no longer held the mortgage. They sold it. Now Im mad because Ive wasted 80 plus days waiting around and letting other properties pass by. I know short sales take a LONG but this is nuts. The way I understand short sales is the lender can write off a certain amount per month then when they have exhausted that they normally sell in the form of a short sale or foreclose. Am I wrong in assuming that Im back to square one and this new lender has another 14 months worth of write offs before they will consider a offer? BTW my offer was the asking price of the short sale.