Yippee?

We have an offer on our short sale home in North Centerpoint. $40,000.

Yes, you read that right.

But here is how the game works for Short Sales. The bank--who ultimately makes the decision--tells the real estate agent to price it any way they want. Once an offer comes in, the bank will then make their determination of how much they really want to sell the home for. The sellers (Marty and I) just sign papers and don't really have a say.

But none of this will happen until there is a true offer. Which we have now.

I am under the impression nobody thinks it will sell for $40k--including the person who put the offer in. I suspect Kirby had an investor friend do this so the bank will move on this. The investor friend would be happy to have the house--especially at $40k. Heck! I might even want to buy this house for that price! But realistically it will sell for more than that. Will the investor stay and find out? I have no idea.

But at least now we have an offer the bank can either accept, counter or reject. If the bank accepts. Awesome. Good bye house.

If the bank counters, the buyer can decide what they want to do. But at least a decision was made by the bank. That's a step in the right direction.

If the bank rejects, I think we will just wrap this up and go the foreclosure route.