approved short sale
  • Laura Moore February 2012
    What does "approved short-sale mean?"
  • The only party who would approve is the Bank who the owners borrowed money from. Even if they are approved -- if a lower offer comes in -- they still have to be re-approved by the bank. So, if the property is determined best buy -- that "approved short sale" will save a hell lot of time!
  • ok so in the event the seller has two mortgages on the property then both lenders would need to approve. Thanks.

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