May
05
2010
Short Sale with two lenders - one approved - waiting on the next. What will happen?
Posted by Usual in Lender Approved Short Sales, tags: approved, happen, Lenders, next., Sale, Short, waitingEMC is the 1st lender. They approved the short sale for $479k and able to give $15k to the 2nd lender, CountryWide/BofA. The approval letter said that they need the money wired by August 3rd or the approval is voided. But, here is the thing - CounrtyWide/BofA has no approved the short sale yet. Anybody know how this all works???? My real estate agent is working on it but I am so anxious to find out!!!

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