While a Wellington short sale seller needs approvalÂ from their lienholder(s) in order to sell their home they still have a say in the process.Â Â Not only can aÂ short sale sellerÂ turn down a buyers offer, they can also turn down their lienholders short sale approval terms.
Last week I was notified by aÂ short sale listing agentÂ that heÂ finallyÂ received written short sale approval from BOTH lienholders.Â However after reviewing the written approvals the short sale sellerÂ did not agree to the short sale approval terms set forth.
While some buyers are under the impression thatÂ short sales are guaranteed, they are not. Â The short sale lienholder(s) may not approve aÂ short saleÂ and then there is always the possibility of the short sale being approved, but the short sale seller not agreeing to the short sale approval terms.
Originally Posted At: Â http://wellingtonhometeam.com/does-a-wellington-short-sale-seller-have-a-say/
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