Canceling the contract on short sale

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Posted by Greg on March 10, 2010 at 10:22:20:

Hi,
I placed a cash offer contract that was accepted by the buyer but subject to
lender approval of the short sale. In other words, buyers accepting the contract
almost means nothing because the bank have not yet looked at or considered
my offer. The banks says it will be 2 months before they will even LOOK at my
offer. Meanwhile, I have found even a better deal, so can I then withdraw my
contract and get the deposit?

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