prospective purchase of short sale is going to foreclosure

[Steven R.]

just heard from my agent today that after three weeks of waiting back from the originating lender. My purchase of a short sale is being foreclosed upon. The lender verbally agreed upon the amount that I purchased at. Once we began on the process we had to wait for the final approval before escrow started. For three weeks they were unable to get in touch with the lender. The lender just notified us today of them moving towards foreclosure. I'm assuming since nothing was written down that both me and the seller have no recourse to get this deal back on track. besides trying to get more money for the house. what are other motivation for them to move towards foreclosure? Is there any way of dealing with the lender to try and save the deal? Thanks ahead of time.