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if a condo short sale has been approved by the bank, the buyer can make a lower offer? How does it work?
1) the condominium has been approved for short sale at 100K, i can offer them say 90k. This would delay the process? 2) Can you explain the process? would have a new aproval weit the bank? 3) How long does it usually take? 4). when a bank enacted a short sale property …. are aproving the selling price or the seller is to sell aproving Whitin property price range? could you explain the process?
1) You can offer 90k, but the bank has to approve it. It is defiantly things slower. 2) If the bank suffers a loss, so they have to approve the new price, can not approve either. 3) It can take weeks, months, depending on your bank. 4) Approving an amount of sales, so $ 100k or more in this case, this is not always the list price of the property.
Home Buyers – Making Offers On “Short Sales”
