Re: Short Sale/Foreclosure
Posted by NJD on October 17, 2007 at 06:42:36:
In Reply to: Short Sale/Foreclosure
Posted by Wind in Colorado on October 16, 2007 at 22:52:20:
The ball is in the lender's court. You can prepare for a rejection/counter-offer by keeping market data current and in support of the Offer. You can make sure the buyer is still on board... and perhaps solicit a back-up offer in case the Buyer loses interest and walk, or if the buyer's financing is rescinded.
You should also prepare for an approval which will likely give you 30-45 days to close.
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