Question by HollyWood: What happens to the potential buyer when a short sale home goes into foreclosure?
I have an offer on a home that has been accepted by the seller but is awaiting the bank’s acceptance. Problem being, the house had a notice of default almost one month ago and I have been waiting to hear from the bank for roughly three months. What happens to my offer if the house falls into full foreclosure and the bank still hasn’t accepted my offer?

Best answer:

Answer by Landlord
If the house is foreclosed your offer is void. Nothing else will happen to you.

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