How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Jack R. Your Own Question
Jack R.
Jack R., Lawyer
Category: Real Estate Law
Satisfied Customers: 6147
Experience:  Mediator, part of the Ohio Save the Dream Foreclosure project
Type Your Real Estate Law Question Here...
Jack R. is online now
A new question is answered every 9 seconds

Short Sale: I sign a short sale contract and then it goes

This answer was rated:

Short Sale: I sign a short sale contract and then it goes to the bank but was not accepted by the bank yet. The bank has not done appraisal or even received paperwork from me on acceptance package. If I can now afford my mortgage can I stop the short sale and go for loan modification since the bank did not accept the agreement yet or even come up with a value for the home?

Thank you for choosing Jut Answer,


If they bank has not accepted (signed) the contract then the deal is not complete. You can indicate to the bank that you wish to rescind the offer of a short sale. Once the offer is signed then the contract is complete. The bank in waiting for the supporting documentation could decide not to agree to the short sale. You will need to contact as soon as possible. to let them know the offer of sale is withdrawn.



If you found this answer useful please press the appropriate quality of service button of 3 or greater. This is needed so I can get credit for my answer. If you have follow up questions please ask.


This communication does not establish an attorney-client relationship.Information provided here is not legal advice. Rather it is simply general information.







Jack R. and 3 other Real Estate Law Specialists are ready to help you