Thread: If you bid on a short-sale property and then the listing goes inactive, WHAT DOES...

...THAT MEAN?!? Sorry for the caps, but I am so frustrated. A bid was placed on a property in short-sale, and the offer was about 15k higher than what being asked for. The agent said there were a couple of offers on the table. Then the listing went inactive the day after my bid was placed! What could this mean? Is it possible that the bank has a enough bids and considering them?

Probably means that the listing expired and was not renewed. 99% of the time even if an offer is accepted the listing is still considered active until closing. I recently attempted to sell my home in a short sale and I can speak from personal experience, it takes a minimum of 30 days for the bank to get back to you on your offer, and in my case it took 60 days. I wouldn't worry about the listing being inactive as much as I would talk to the realtor about the status of your bid. If you are truly frustrated, recind your bid and look elsewhere.

An inactive listing does not necessarily mean the property is off the market, it has simply been removed from MLS or the listing service which is like an ad expiring from a newspaper, just because its not being actively marketed doesn't mean its not for sale.