Loan Modification Forum - LoanSafe.org - View Single Post - What information will the bank need to decide whether to accept a short sale?

Janeen · 01-13-2009, 05:30 PM

Usually a lender will start with an appraisal to find out the current market value and determine a list price. Then a realtor will begin to get offers & submit them to the lender. The lender will decide if they are willing to accept the offer or not.

01-13-2009, 05:30 PM	#10 (permalink)
Janeen Member Join Date: Jan 2009 Posts: 12 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: What information will the bank need to decide whether to accept a short sale? Usually a lender will start with an appraisal to find out the current market value and determine a list price. Then a realtor will begin to get offers & submit them to the lender. The lender will decide if they are willing to accept the offer or not.