My husband and I just put a contract on a short sale home. The short sale has already been approved by the bank. What does that mean? The listing price was 185,000 a week ago and just dropped to 175k. The house has only been listed for about a month. We made a offer of 186 with 6 percent closing help. We basically gave the bank the exact listing price of 175 but added more to conteract our need for closing help..what do you think? Also do you think this will go quicker than a regular short sale because its been approved by bank..how long?

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