Santa Maria Short Sale Alert: What is an Approved Short Sale?

Santa Maria Short Sale Information Alert

       

What is an approved short sale?

An “approved” short sale is a short sale where the short sale lender has already communicated to the seller what they will accept as an offer for the property.  The approval can be verbal or written, and of course, written approval is preferable.  As a seller, if your short sale is “approved” you know what your target price is from a buyer.  The HAFA program has its advantages for Santa Maria short sale sellers because it can provide you with the bottom line that the bank will accept before even listing your Santa Maria home.  As a buyer, approved short sales offer an advantage because they can often close quickly as opposed to other short sales which must still go through the process of approval with the bank.

Questions about short sales?  Contact Mint Properties today at (805) 878-9879 or visit my website: www.SantaMariaShortSales.com

Speak Your Mind

*

Privacy Policy