Updated almost 12 years ago on . Most recent reply
Short sale approval letter
I am working with buyers on a short sale and they have an accepted offer with the seller and the short sale negotiator informed us that bank accepted offer as well. Short sale negotiator office was suppose to send buyers atty P&S, but we received word that the signing of P&S would be delayed a couple weeks because bank needs to produce written approval letters. Should the bank approval letter really hold things up another few weeks. Does every short sale require an approval letter? Understand it's a short sale, but just want to understand the necessity of the approval letter and keep this thing going!