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Foreclosures
HomeForumsForeclosuresbank issues a short sale approval letter, the buyer cancels
Larry Letizia's profile image
Larry Letizia's profile image
Larry Letizia
  • Residential Real Estate Broker
  • from Manchester, NJ
  • Member since Oct 14, 2014
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Larry Letizia's profile image
Larry Letizia's profile image
Larry Letizia
  • Residential Real Estate Broker
  • from Manchester, NJ
  • Member since Oct 14, 2014
Connect
Larry Letizia
  • Residential Real Estate Broker
  • Manchester, NJ
7
Votes |
16
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Foreclosures

bank issues a short sale approval letter, the buyer cancels

Larry Letizia
  • Residential Real Estate Broker
  • Manchester, NJ
Posted Jan 18 2015, 12:23

Trying to keep this brief, the bank issues a short sale approval letter, the buyer cancels. Can you without notifying the bank step in as a buyer?

I’m told it’s done all the time.

My lawyer felt otherwise who had more experience in this area my Realtor or my Lawyer?

And maybe what have your experiences been?

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