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.

Real Estate Q&A on the spot!

If you want to take part in the discussions, sign in or register below!

Login with Facebook Sign In with Twitter

Sign In Register Now!

In this Discussion

Tagged