1.
Because the payback of the loan will be ‘shorted’ by a significant amount and the lender will have to take a loss, homeowner’s lender must approve the Short Sale contract before the house can be sold.
More Short Sale Success Quick Notes!
1 Important Reason Why Short Sales Aren’t Easy
2 Important Reasons to Consider a Short Sale
3 Criteria to Qualify for a Short Sale
4 Considerations for Your Lender to Approve the Short Sale
10 Steps to a Successful Short Sale
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