Why is this one pending forever?

NEW -> Contingent Buyer Assistance Program
Cklein said:
So it is for sale? What if I am interested? And willing to pay a little more than listing price?
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They already have a buyer who has submitted an offer that has been sent to the bank.  You can submit a back-up offer on it as some buyers drop off (just depends because the listing agent may have several back up offers already).  It doesn't matter that you submit an offer above the list price, with short sales your offer going into a no man's land area (unless you are willing to pay so much that all of the loan/s are paid off in full).  The list price is what I like to call a teaser price (one that the bank/s will most likely not accept and counter back with something closer to market price).  Also, with some short sales you may have to pay for other delinquencies like part of the 2nd mortgage, unpaid property taxes, and/or unpaid HOA fees.
 
You should expect to pay a lot more than list price for a short sale unless it has already been preapproved by the bank.
 
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