HUBZU listing question

[Mike F.]

A small percentage of HUBZU listing have the following description (see attached pic) would someone mind explaining this to me? 

Short sale, bankruptcy? 

Thanks in advance!

[Keith Hubzu]

Hi Alan,
There are some instances when the bid/offer acceptance is subject to final approval by a third party financial institution. This approval process may take several weeks. For other listings (where special servicing isn’t an issue) we have received prior approval to accept bid/offers that meet or exceed an agreed upon amount.  

Hope that helps,

Keith, Hubzu Customer Care