[greglepore]

Who is the mortgage with?

Short sales are a giant hassle. Not that they're not worth doing, but I had an offer on my dream farm for a bargain for 60 days and the bank never decided whether to approve or not. Ended up going to sherriff's sale during the process, and Countrywide (the lender) doesn't even list a house for months after. So, I let it go.

an important note-If you can't get a u and o on the house, you won't get a loan for it, unless its a construction loan which you'll then need to pay off or convert to a mtg within a specified timeframe and after you've made the repairs.

You don't need to sign a buyer's agency agreement, but the rub is that on short sales there is often little to no commission payable or the realtor has to wrestle for it, so they don't want a split commission deal.