1:10 A.M. — Cora Mooney-Graves believed she had her Cape Coral house sold with a willing buyer and approval of the bank for a short sale.

But the buyer and the backup buyer had both put offers in for several other houses and bailed out before Mooney-Graves’ lenders gave approval to sell her house for $200,000.

Now, she may have to start over on the time-consuming short-sale process, in which a bank forgives part of its mortgage so a homeowner can set a realistic price at which to sell a house.

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