I made my offer in the middle of November 2011. Finally the short sale specialist gave us the green light to proceed with the mortgage on May 16th. My agent wrote the addendum asking the bank to close on May 31st. I got my mortgage ready for May 31st. Well, long story short - the BofA did not send the short sale approval letter yet and we're still waiting for it.
As of now, I understand there's no contract between us and the bank, although the purchase agreement has been signed, so BofA can decline the offer and we'll be left without anything but a bunch of hard pulls on our credit histories?
Any advice would be greatly appreciated.