David,Are you an investor? Seller? Agent? I am located in Southern California myself working with Short sales let me know if I can help in anyway.
I am an investor and I have a verbal agreement with the seller of a shortsale to make an offer on his property and negotiate the sale. The bank has agreed to a shortsale and the buyer is preparing docs for the package. I've done my homework and I know what i'm going to offer. I think I've heard that I need to use an option agreement to buy the property from the seller. Is this correct?Thanks in advance