01-02-2011, 06:00 AM
quote:You would think that was the case but it isn't. It doesn't matter what you put in the contract, everything is subject to the approval of the banks, and needless to say, they don't pay for anything. By the time the short sale is approved basically the whole original contract is thrown out and replaced by the standard-language addendum of the banks. I had two short sales closed last year, no wonder I have so much gray hair. [][][]
Originally posted by Bullwinkle
dont short sales appeal/work better cash buyers because of the lack of time allowed to get lender approval by the banks.
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John S. Rabi, GM,PB,ABR,CRB,CM,FHS
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