Any experience with SunTrust & short sales (buying) (agent, accepted, price)

[boyohboyohboy]

We put in a full price offer on a property whose loan is held by Suntrust. As per the owner agent, the home was approved for a short sale and the seller has a liason officer. Ours will be the first offer received since the property went on the market mid last year. The owner/agent/seller submitted a BPO. Has anyone dealt with Suntrust re: turnaround time? Can they conceivable come back and refuse our offer and ask for more money? We have no contigencies. I would greatly appreciate any insight. Thanks!
Anne

[shellytc]

If a BPO was done, and the house listed for what Suntrust wanted, then you made a full price offer... then I would "expect" the contract to be accepted.

HOWEVER, until any contract is signed and delivered, I don't count chickens.....

Please keep us posted : )

Shelly

[boyohboyohboy]

I have no idea if the house is listed at what SunTrust wants to recoup. The owner/listing agent state that a short sale was approved by them, and that SHE submitted the BPO. I Am guessing the lender will go ahead and order another. Good thing I am a patient person