Do MLS listings expire?

by **wilbart** » Thu Aug 02, 2012 3:18 pm

I have a pending offer on a short sale and the MLS listing has disappeared. I think that the listing was about a year old since I initially made my offer on 08/04/11 and the house was on the market a few days before that. So my question is do MLS listings expire from inactivity and if so does my pending contract with the homeowner become null and void? I have invested a year in this short sale and signed extention after extention and would be very disappointed if that were the case after all my patience. I live in California if that makes a difference in any real estate laws or regulations. Any input would be greatly appreciated! Thank you.

by **freedom97** » Thu Aug 02, 2012 3:31 pm

The only reason listings disappear off MLS are:

- the listing was terminated
- the listing expired (as in the listing agreement date is up and did not get renewed)
- the listing sold

The best thing to do is to contact your agent (or the listing agent if you didn't use an agent) to find out what's going on.

by **jarel** » Thu Aug 02, 2012 3:40 pm

Yes MLS listings expire. However you still need to go back to your agreement with the listing agent since you have one. They could still be due a commission if they showed the house to the buyer. This usually expires in about 60 days. So read your listing agreement carefully.

by **oakley** » Thu Aug 02, 2012 3:44 pm

Yes MLS listings expire. However you still need to go back to your agreement with the listing agent since you have one. They could still be due a commission if they showed the house to the buyer. This usually expires in about 60 days. So read your listing agreement carefully.

Someone should have explained to you about short sales. I have been working with short sales since 1990- and I have never met anyone that thought the process was smooth or care free. It is very stressful. It can in some cases drag on longer than a year- only to get a rejection.

The seller may agree to sell you the house subject to his bank agreeing to accept a shortage in payoff. There is no law that requires a bank to agree at all- they don't have to call you back- they don't have a time frame- often there is no person to talk to. Banks often set up a website and will not talk in person.

I have sold a lot of them- but they are very unpredictable.

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