Today we put in our offer (YAY!!!), but don't expect to hear back from the bank for several weeks. As it turns out Short Sales aren't so "short". The bank will be taking about a $400,000 hit on this property, so they aren't so quick to respond. Perhaps they're hoping for a bailout from our friend O'Bama. Anyway, we'll keep our fingers crossed (and say a few prayers) and hope for the best.
We're certainly not blind to the property's faults. (Although yesterday when we were at the property Abel told me to start signing the papers for the offer and then yells "Hey! Did you know there's a whole 'nother FLOOR?!") Here's Abel's biggest issue...The Pool Pump.
(I included photos from the listing so you can see what the yard and pool looked like before they let the property go.)