Jun
27
2010
How does a bank decide whether or not to approve a Short Sale?
Posted by Usual in Bank approved short sales, tags: Approve, BANK, decide, Sale, Short, whetherLast year I attempted to purchase a house that was up for short sale. The owner accepted my offer but the bank denied the short sale. Now the owner has stopped making payments and we are trying the short sale again. I am willing to pay the appraised value for the home. What determines whether or not the bank will give the thumbs up or down on the short sale? Is there anything I can do as the buyer to help the process go through?

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