Home Buying in Boca Raton>Question Details

hwkeye05, Home Buyer in Fort Lauderdale, FL

In your experience, what has been the % chance that a seller's request for short sale was approved by the bank?

Asked by hwkeye05, Fort Lauderdale, FL Mon Jul 15, 2013

I know there are MANY factors in this but please respond with a %, like "45%"

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Answers

4
50 / 50, sometimes the seller just lets the home go through foreclosure because even after the short sale approval, the bank still does nothing to process the paperwork.
0 votes Thank Flag Link Fri Jul 19, 2013
For my short sale listings it has been 100% approval, the file has to be complete and a hardship.

Eva Aliaga
Keller Williams Realty
561-859-9926
IdealFloridaLiving.com
0 votes Thank Flag Link Mon Jul 15, 2013
100 percent of my transactions with sellers and buyers.
0 votes Thank Flag Link Mon Jul 15, 2013
100% if there exists REAL hardship..
However, the real 'approval' comes when you accept the first buyers offer and submit that to the bank.
When the bank responds with 'additonal contribution needed' then the real intention and approval is revealed.
Chat with your agent regarding the track record of your mortgage lender.
0 votes Thank Flag Link Mon Jul 15, 2013
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