Posts Tagged ‘this’
June 5th, 2010 | 
Author: Question by Holly B: What does this mean: “Bank approval required for short sale“?
I am looking at houses online for sale and I don’t know what this means exactly. I was hoping for an answer tonight – I’ll talk to my realtor tomorrow. Thanks!
Best answer:
Answer by trcharest
This only means that whatever is offered for the property, even though it may be full offer or better and the owner approves, the lender must approve of the amount so that they will know exactly what they will get from the sale.
“Short sale” means that the lender will be getting less than what is owed. This is also a lengthy process. I could take more than a several weeks to get a response from the lender.
Give your answer to this question below!
Product Description
BUY this BOOK and SELL your House or Condo
THE ONLY Real Estate BOOK you’ll need!
HOW TO SELL YOUR HOUSE in THE 2008 market!
FREE DAILY UPDATES on my website with book password A NO-NONSENSE guide with FACTS and NO filler pages This is a HOUSING EMERGENCY! – Get HELP to “STOP THE BLEEDING!”
A GREAT BOOK for EXPERIENCED and FIRST TIME home SELLERS I get RIGHT TO IT about:
* INTERNET MARKETING
* THE BEST TIME TO SELL
Selling Your House/Condo in this HOUSING EMERGENCY of 2008 – A Guide to Selling Your Home Now
Posted in Suggested Reading | 
Tags: 2008, EMERGENCY, Guide, Home, House/Condo, HOUSING, Selling, this | 
Comments Closed
Product Description
BUY this BOOK and SELL your House or Condo
THE ONLY Real Estate BOOK you’ll need!
HOW TO SELL YOUR HOUSE in THE 2008 market!
FREE DAILY UPDATES on my website with book password A NO-NONSENSE guide with FACTS and NO filler pages This is a HOUSING EMERGENCY! – Get HELP to “STOP THE BLEEDING!”
A GREAT BOOK for EXPERIENCED and FIRST TIME home SELLERS I get RIGHT TO IT about:
* INTERNET MARKETING
* THE BEST TIME TO SELL
Selling Your House/Condo in this HOUSING EMERGENCY of 2008 – A Guide to Selling Your Home Now
Posted in Suggested Reading |
Tags: 2008, EMERGENCY, Guide, Home, House/Condo, HOUSING, Selling, this |
Comments Closed
Product Description
BUY this BOOK and SELL your House or Condo
THE ONLY Real Estate BOOK you’ll need!
HOW TO SELL YOUR HOUSE in THE 2008 market!
FREE DAILY UPDATES on my website with book password A NO-NONSENSE guide with FACTS and NO filler pages This is a HOUSING EMERGENCY! – Get HELP to “STOP THE BLEEDING!”
A GREAT BOOK for EXPERIENCED and FIRST TIME home SELLERS I get RIGHT TO IT about:
* INTERNET MARKETING
* THE BEST TIME TO SELL
Selling Your House/Condo in this HOUSING EMERGENCY of 2008 – A Guide to Selling Your Home Now
Posted in Suggested Reading |
Tags: 2008, EMERGENCY, Guide, Home, House/Condo, HOUSING, Selling, this |
Comments Closed
It says “Short sale with written approval for this price on 9/2/08″. I’m familiar with what a short sale is but wondered why they added “with written approval for this price on 9/2/08″. Also in this situation does the bank take bids like a regular house or does the buyer need to bid for the actual price listed?
Also,if I bid the full asking price can anyone tell me how long it takes to get approval and a contract?
Posted in Questions and Answers |
Tags: Estate, mean, Real, Sale, Short, statement, this |
3 Comments »
