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SS - contract "expired" is our buyer free to walk?

Posted by Jennifer - FL on March 19, 2008 at 8:57 AM

With all the waiting for Countrywide to assign someone - I noticed our contract for the sale had an expiration of 3/18/08.

Does this mean that our "buyer" on the sale contract and can go elsewhere?

What happens to the other 2 higher offers and thier expiration dates to accept sale contract? Our middle offer was to expire on 4/1/08 - and the best offer was to expire 2/29/08.
Do these dates mean anything since all offers also signed short sale agreement addendum - listing final approval from the mortgage companies?

We were served judicial papers 3/06/08 - 20 days to respond...there is no response, correct?

How can seller or broker delay sheriff sale to allow short sale to process? Or should we just sit and wait like my broker said?

Thanks again.


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