The seller will have to SIGN a supplemental authorization form for your agent to be sent to the bank. If the listing agent resist this.......there is your SIGN.
NY Associate Broker
Keller Williams Landmark II
Serving Queens, Nassau and Brooklyn
Press the listing agent for answers and if they can't give any try and end run around/over them. I have spoken directly to banks about short sales, the sellers' title company etc. I know it's frustrating. I have 4-7 short sales so you can imagine how I feel. :) Good luck.
If there is no approval letter or documentation from the investor, how does anyone know if you can close or not?
I doubt your lender or settlement company will close without documented approval from the investor(s). At a minimum ascertain the email approval from the investor stating the approved the sale and the time frame you need to close by.
The listing agent might not truly understand the short sale process. In today's market a short sale shouldn't be taking almost 6 months.
If a BANKS short sale negoriator had said that to me to "Close without an approval letter" my first words to the negotiator would be "HOW is that possible" or did you just start processing short sales this past Monday!!!
Clearly, there is a great deal of mis-communication is this process with all parties that needs to be corrected.
So the answer will be No, because the short sale approval is the agreement that allows the Title company to recrrd the sale and get the release of the seller's loan from the tax record.