Short Sale Home » General Short Sale Info » Is it Possible to Buy a Pre-Foreclosure but Sell Your Home on Contingency?

It’s not possible in a short sale/pre-foreclosure agreement to include selling your home as a contingency in the deal. Many listing agents will not accept an offer with a contingency to sell their home and most banks or lenders in this market will not accept it either.

A pre-foreclosure home requires the cooperation of the lender since they will not be receiving a full payoff.  Short sales are difficult enough to complete successfully complete to close escrow, so the condition of selling your home would only add to the mess of the deal.  Everyone involved wants a sure sale as quick as possible to get the home off the books.

Sell your home first then take the cash and buy a preforeclosure.

Short Sale Contingency Articles:

• Room to Negotiate with Short Sales?
• Short Sale Contingencies
• Short Sale Contingencies and Lenders
• Short Sale Financing
• The Short Sale Purchase Agreement
• Time Contingency on A Short Sale

Tags: lenders, preforeclosure, selling your home