There are a few misconceptions when it comes toÂ short salesÂ and whether or not a Wellington short sale seller or their bank has to sign a buyerâ€™s offer.
First, a short sale is an agreement between theÂ short sale sellerÂ and theÂ buyer, NOT the short sale sellerâ€™s bank(s). Â Even though the seller needs short sale approval from their bank they are not a party to the contract, the short sale seller is still the owner of record on the deed, not their bank.
Second, in order for an offer to be enforceableÂ both the short sale seller and buyer needs to sign the offer, if they come to terms. Â If theÂ short sale listing agentÂ tells you otherwise you might want to reconsider pursuing that particular short sale.
So the answer is YES the seller of a Wellington FL short sale has to sign an offer, if all parties agree on the terms.
If you are a interested Â in buying or selling your home as a short sale make sure to hire an experienced Wellington short sale agent.
Originally Posted At: Â http://wellingtonhometeam.com/does-the-seller-of-a-wellington-short-sale-have-to-sign-the-offer/
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