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Sandy Reddy
  • Real Estate Agent
  • Jersey City, NJ
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Short Sale approval FAQ

Sandy Reddy
  • Real Estate Agent
  • Jersey City, NJ
Posted Mar 30 2018, 03:14

Hello Everyone,

Can a bank approve a short sale LESS THAN offered price?

Is it mandatory, for the listing agent or seller negotiator to submit the purchase agreement to the lien holder bank? In other words, does bank need to have a fully executed contract (offer) on the property before they make a decision on the short sale?

Appreciate any inputs.

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