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  1. #1
    Junior Member lovemydoggy's Avatar
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    If you put an offer on a short sale, can you still look at other homes and...

    ...back out of offer? Are there penalties? I want to put an offer on a home, but it may take months. Can I continue my search and if I find a home being sold by owner, can I back out of the short sale?

    what do you lose? are there penalties?

  2. #2
    Senior Member LISAS's Avatar
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    Yes, you can continue to look at homes and can rescind your offer on the short sale up until it is accepted by the bank.

  3. #3
    Senior Member LISAS's Avatar
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    Yes, you can continue to look at homes and can rescind your offer on the short sale up until it is accepted by the bank.

  4. #4
    Senior Member LISAS's Avatar
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    Yes, you can continue to look at homes and can rescind your offer on the short sale up until it is accepted by the bank.

  5. #5
    Senior Member LISAS's Avatar
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    Yes, you can continue to look at homes and can rescind your offer on the short sale up until it is accepted by the bank.


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