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Reasons Why Bank Rejects Short Sale Offer
Reasons Why Bank Rejects Short Sale Offer
Some reasons of banks refusing Short Sale Offer is: Unless bank has agreed in advance to receive a short sale, known as a "short sale approval, no know for sure. Not the agent, and not the listing agent or seller. So only time will determine whether a short sale offer will be accepted or rejected by the bank. Simply because a listing advertised as a short sale does not mean it is a short sale. This means that the listing agent and seller "only hope" it will sell as a short sale and the bank will take the offer.
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Oct.31,2009
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