Short Sale Myth # 1: That there is anything typicial, standard or normal when it comes to getting a Short Sale approved?
No, typicial is not in the venacular for these transactions.
The bank is the power broker in Short sales. They can respond to an offer any way they want. "They may counter at a much higher price and demand a cash payment from the seller. Or not. They may take weeks or they may take six months. They may approve a way below asking offer, or require a hundred thousand over the asking price. Forget the idea of standard, when it comes to a short sale."
Short Sales can be touture or easy, there is no way to tell.
Uncle Fred
Friday, July 30, 2010
5 Short sale Myths
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